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Release of earnest money texas trec Form: What You Should Know
TAR advocates for Continued Use of its Release of Earnest Money form Nov 21, 2024 — In addition to this document I also provide a notice of termination. As stated in the contract, if the buyers fail to make the payment in 30 days of contract release, they are the property is forfeited and the earnest money is not returned to the lender. The notice is in effect until payment is complete. If the buyer fails to pay the earnest money within 30 days then the property will be forfeited and a 500 penalty is imposed for each day that payment is late.
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