Webrelease of the Earnest Money to the other party when requiredto do sounder this Agreement, that party shall be in ... The parties authorize the party commencing an interpleader action to deduct up to $500.00 for the costs thereof. ... on a Saturday, Sunday, legal holiday as defined in RCW 1.16.050, or day when the county recording office is closed, WebJan 16, 2024 · Interpleader action is scheduled to be filed on Tuesday 1/19/21. I wondering if we have a chance in getting earnest money back or is it not worth pursuing. Earnest money was $10,000. We have also offered for the earnest money to be split with 5k going to seller and 5k going to buyer but haven’t heard back from the seller yet
RCW 64.04.220: Handling of earnest …
WebAug 24, 2024 · RCW 64.04.220 defines earnest money as: “Money placed with a holder by a prospective buyer of residential real property to show a good-faith intention to perform … WebNov 22, 2024 · If you decide to interplead the funds, here is some insight on how the process works: An interpleader is the court action that the holders of earnest money can take to … dexter frank lundy character
A Note From The Legal Helpdesk: Dispute Resolution- Interpleader
WebThe procedure to interplead an earnest money deposit is basically as follows: (1) Preparation of summons and complaint; (2) Filing of the summons and complaint with the … WebJan 21, 2024 · Interpleader is an option when a dispute arises involving two or more parties who argue over property held by a disinterested third-party. As you well know, REALTORS® frequently hold or handle funds on behalf of others – whether the funds are earnest money, commission to be paid to other real estate licensees, or otherwise. WebChapter 64.04 Title 64 RCW: Real Property and Conveyances [Title 64 RCW—page 2] (2024 Ed.) Chapter 64.04 Chapter 64.04 RCW 64.04 CONVEYANCES CONVEYANCES Sections 64.04.005 Liquidated damages—Earnest money deposit—Exclusive remedy—Definition. 64.04.007 Owner-occupied real property—Release of security interest— dexter gilliam bank of charlotte county