[WSBARP] Limit on Earnest Money Amount that can be forfeited.

[Craig Blackmon]

https://app.leg.wa.gov/RCW/default.aspx?cite=64.04.005


Craig Blackmon, Attorney at Law
<https://www.mywsba.org/PersonifyEbusiness/LegalDirectory/LegalProfile.aspx?Usr_ID=000000029240>
92 Lenora St., Seattle WA  98121
Office/Cell: (206) 369-5949
On the blog: The Form 17, Explained
<https://seattlepropertylawyer.com/blog/seller-disclosure-statement-form-17-explained>
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On Tue, May 12, 2020 at 3:27 PM Jeff Davis <jeff at bellanddavispllc.com>
wrote:

> Listmates,
>
>
>
> Probate estate is selling decedents home.  Buyer wants to put down a large
> earnest money that amounts to 13% of the purchase price.  Somewhere in the
> past, it seems our Courts limited the amount of earnest money a Seller can
> retain on default to somewhere around 5% of the purchase price.  Your
> thoughts would be helpful.
>
>
>
> Jeff Davis
>
>
>
> W. Jeff Davis, Esq.
>
> BELL & DAVIS PLLC
> P.O. Box 510
> Sequim WA 98382
> Phone No.:(360) 683.1129
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