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Lennar completed its due diligence on the Peachtree Parkway property on January 4, 2013 and in accordance with the terms of the sales contract its $300,000 earnest money deposit is now non-refundable.
A secure, on-line interface, CEX provides buyers and sellers with a competitive bidding process designed to produce multiple, non-contingent final bids accompanied by earnest money deposits and executed, pre-negotiated asset sale agreements.
Persons who did not pay the fee, but paid their Earnest Money Deposits ("EMD") to HomeSafe, will receive $50.
The earnest money deposit has been funded by the partners proportionately based upon their respective ownership interests.
26 /PRNewswire-FirstCall/ -- Grubb & Ellis Company , a leading real estate services and investment firm, today announced that it has received non-refundable earnest money deposits totaling $6.
Six years later, hundreds of these purchasers are embroiled in lawsuits against Deutsche Bank and its partners to either be given the property that they purchased, or have their earnest money deposits returned.
I even received a refund on the day of closing for my earnest money deposit.
The Cosmopolitan of Las Vegas has previously settled the claims of approximately 1500 other purchasers of the condominiums by issuing only partial refunds of their earnest money deposits, despite their intention to convert the project to hotel-only use.