Earnest Money — Refunds, Disputes & Deadlines

How the earnest deposit is handled, when it’s refundable, and what happens in a dispute.

Basics

• Paid to the named escrowee (title/attorney/broker) within the stated business days after acceptance.
• Keep the receipt and share with agents/attorneys.

Refundable when

• Buyer cancels properly under a contingency (on time) using valid notice.
• Buyer and seller sign a mutual direction/release.

Disputes

If the parties disagree on who gets the deposit, the escrowee follows the contract’s directions—often holding funds or filing an interpleader so a court decides. Ask your attorney before escalating.