What happens when buyer and seller can not agree on the escrow release?
If the two parties do not agree to the disbursement of the funds, one party can send, by certified and regular mail or by hand-delivery, a request for disbursement of the funds. The person receiving the letter has 30 days to respond to the request. If they do not respond, it is considered to be an agreement to the request and the escrow agent can disburse the funds. If the parties cannot still agree then the court of competent jurisdiction will make a decision. If you are unsure about the release of the deposit hire or speak to an attorney. Regardless, you should be sure to get the facts about state law and even local customs on refunds of deposits before your earnest money leaves your hands.
