Earnest Money Release & Dispute Resolution

Release of Funds

Earnnest Escrow Services releases earnest money under three primary circumstances:

• Termination of the Transaction: If a transaction is terminated, funds are released per the mutually agreed-upon release agreement. If no agreement is provided, we follow the standard dispute process for that state.
• Funds for Closing: Earnnest releases funds to the closing agent when necessary, such as when earnest money exceeds commission or an agent needs to be paid in full at closing.
• Close of Escrow: If earnest money hasn’t been previously released to the closing agent, it is sent to the brokerage for agent commission disbursement.

Once all necessary documentation and banking information are provided, earnest money is released via same-day ACH, next-day ACH, or wire transfer.

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Handling Earnest Money Disputes

As a licensed brokerage in each state we operate, Earnnest Escrow Services adheres to state-specific procedures for managing earnest money disputes. Given the variations across states, we encourage you to reach out with any questions or concerns at [email protected] or 864.523.4947.

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