What If the Seller Wants an Earnest Money Deposit? (and You Don’t Have it)
In the state of Florida there’s no Earnest Money required to make a real estate contract legal or enforceable. The exception to this rule is if you’re entering into an OPTION to Purchase Real Estate in Florida. In that case, a $100 Option Deposit (Consideration) in required to make the option enforceable. As a real …
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