Posted by Chris on January 24, 2001 at 09:21:08:
www.legalwiz.com has forms.
The earnest money is the deposit money given to the seller or his agent by the potential buyer upon the signing of the agreement of sale to show that he is serious about buying the house. If the sale goes through, the earnest money is applied against the down payment. If the sale does not go through, the earnest money deposit will be forfeited to the seller unless the purchase contract expressly provides conditions for its return to the buyer. Now that you have the textbook description of earnest money read this article http://www.creonline.com/art-111.htm