Can I stop payment on earnest money?

If you stop payment on earnest money, you will likely be in breach (default) of the contract. In the contract the buyer agrees to provide earnest money as partial payment for the home they are interested in buying. Even if payment is stopped on the earnest money check, the buyer is still responsible for paying earnest money to the seller.

 

You should contact a real estate attorney for legal advice on how to address your concerns. You could also talk to your real estate agent about your concerns. Maybe something can be worked out.

 

If you find yourself in a potential earnest money problem, the best advice of all is to seek legal counsel as soon as possible. I am not legal counsel.

 

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Additional Matches: Can i stop payment of earnest money check?, Earnest money deposit stop payment?

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