Home Selling in Texas>Question Details

Asenette Aye…, Real Estate Pro in Spring, TX

Does a release of earnest money need to be signed by both buyer/seller if buyer terminates within option period?

Asked by Asenette Ayers, Spring, TX Tue Apr 9, 2013

Title company released E M to buyers and told seller she did not have to sign anything for the release.

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Not always...it just depends on the terms of your contract. Title companies will often require both parties sign a release form before disbursing the earnest money to an involved party but if the contract provides otherwise then this is not mandatory. Another common case where signatures of all parties would not be needed would be if a demand letter was sent by one party and the second party failed to respond to said demand letter.
0 votes Thank Flag Link Wed Apr 10, 2013
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