What Should a Closing Attorney Sign if Holder of EM in an RE Form Contract?

If the Buyer & Seller are binding on the RE Forms contract, and they decide to have the Closing Attorney hold the Earnest Money, what document should the closing attorney sign & why? Watch the video to find out!

Special Stipulation: “All parties acknowledge that the funds referenced in this Escrow Agreement refer to the Earnest Money referenced in paragraph 3 of the “Contract for Purchase & Sale of Residential Real Property in Georgia (RE100) & paragraph #3 of the “Standard Terms” (RE1.) The Escrow Holder shall fulfill all the responsibilities of holder of these funds as outlined in those paragraphs of those contracts referenced herein.”

What to Consider When Having a Closing Attorney Hold Earnest Money – https://youtu.be/567XVdnPGXQ

GAR Midyear Changes – 2021 – https://youtu.be/LpuJDESaDkc

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

What You Need to Know About an Interpleader Action for Earnest Money

If there is a dispute over who gets the Earnest Money in a terminated contract & the Holder doesn’t write a “10 day letter,” it goes to court as an Interpleader Action Lawsuit and a Judge will decide! How much does that cost? Who pays what? Can the Buyer & Seller avoid that lawsuit? How may the real estate agents help? Watch the video to find out!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

Everything You Need to Know as an Agent About Mobile Homes

Mobile Homes are becoming increasingly popular in this real estate market – watch the video to find out what you need to know as a REALTOR when helping the public buy & sell a modular home! Thank you to Maximum One Greater Atlanta, REALTORS agents, Patti Loveless – Patti@CompassandKeyHomes.com and Jennifer Hardy-Black – Jennifer@CompassandKeyHomes.com for sharing their experience. See Agent Checklist Below. Also thank you to Amee Davis of Davis and Associates, Attorneys at Law (ADavis@DavisLawGA.com) for the Mobile Home Closing Checklist and Fannie Mae Guidelines – see below. In the Mobile Home Closing Checklist, take the time for the Seller to complete items #1 – 6 PRIOR to listing the home & Amee can take care of the rest with hopefully none to very little delay!

Checklists & Information:

* Mobile Home Checklist for Agents –

* Mobile Home Closing Checklist – Amee Davis –

* Fannie Mae Guidelines –

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

How to Learn Contract Secrets

How to look through an offer or counter offer and really analyze what the other documents you should look for / request to truly protect your client – hints for both Seller’s agents & Buyer’s agents! What other contract “clues” have you found in practice? Comment below!

“Disclosures Agents Should Make to Buyers in This Hyper-Competitive Market:” https://youtu.be/cFcOfaL5T4w

RE Forms – RE148 – Transactions Involving Out of State Buyers

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

What Happens if a Buyer Terminates Before Sending the Earnest Money??

If a Buyer terminates a real estate contract prior to the contractual obligation to send the Earnest Money to the Holder, what happens? How do you address that in a “Termination & Release” Agreement? What happens if the Buyer terminates by Default prior to sending the Holder those funds? Watch the video to find out!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

Right to Inspect Exhibit – What Happens to the Earnest Money??

What happens if you don’t fill in a blank in a contract? What does it mean for a contingency time frame? Is there a difference if you leave a blank time frame for a contingency in an Amendment vs. a Contract?

Watch the video to find out!

Thank you to Shawn Horan, Closing Attorney & Named Partner of DeFoor, Ellison & Horan, PC SHoran@WestGALaw.com

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

GAR Contract Revisions – Midyear 2021

The Georgia Association of REALTORS (GAR) has released the midyear revisions of the real estate contract forms. Watch the video to find out what they are!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

“Property Sold with Right to Request Repairs” Exhibit

All about the Georgia Association of REALTORS (GAR) “Property Sold with Right to Request Repairs” Exhibit. Will a Buyer’s offer be more competitive with this inspection contingency vs. a Due Diligence period? What is involved? How does an agent complete the forms? What are the time frames involved? May a Buyer terminate and protect Earnest Money? Watch the video to find out!

Check Out These Videos Too:

🏡 Unique Strategies for Buyers in a Competitive Market – https://youtu.be/tOlwhPjfxOA​

🏡 Real Estate “Love Letters” – A Good Idea or Not? – https://youtu.be/7GI1zqnWeNA​

🏡 Due Diligence vs. Right to Request Repairs – https://youtu.be/x7jnBo6kEnI​

🏡 Disclosures Agents Should Make to Buyers in a Seller’s Market – https://youtu.be/cFcOfaL5T4w

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

Right to Inspect Exhibit – What Happens to the Earnest Money??

Many Buyers are opting to go under contract with a Georgia Association of Realtors (GAR) Exhibit “Right to Request Repairs” instead of a Due Diligence Period. If the contract is subject to this right, what happens to the Earnest Money if the Buyer chooses to terminate? Watch the video to find out!

Please Watch: “More Competitive Buyer’s Offer with Right to Request Repairs vs. Due Diligence” – https://youtu.be/Biff3m4mpIc

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos

Blank Blanks for Contingency Time Frames

What happens if you don’t fill in a blank in a contract? What does it mean for a contingency time frame? Is there a difference if you leave a blank time frame for a contingency in an Amendment vs. a Contract?

Watch the video to find out!

Thank you to Shaw Horan Closing Attorney of DeFoor, Ellison & Horan, PC, Closing Attorney with Shafritz & Dean, Attorneys at Law – Shawn@DonDeFoorLaw.com

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos