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escrow deposits

Escrow Funds from Cancelled Real Estate Contracts

When real estate deals fall through in Massachusetts, it can be an emotional and stressful process. One of the many questions you have may relate to the escrow deposit. Here’s what you should know about escrow funds from cancelled real estate contracts. Location of Funds Typically, the listing real estate brokerage holds the buyer’s deposit …

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What Happens to Escrow Deposits When a Deal Falls Thru in Massachusetts

Escrow deposits are submitted by home buyers at the offer and Purchase and Sales stage of real estate transactions. They can range anywhere from a few thousand dollars to 5% of the purchase price. These funds are typically held in the escrow account of the listing agency and credited to the buyer at closing. However, …

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