All Forum Posts by: Livia Adams

It sounds like they were wholesalers trying to sell this property but they couldn't find a buyer in time. I mean the name already states "Express Acquisitions" 

Also usually what I put in our contracts is that in case that the buyer does not close that the earnest money will be released to the seller without further instructions to escrow required. It's essentially an automatic EMD release clause in your contract, so that you don't need to run after the buyers for them to sign the release. Because they could care less. They won't see their money anyway so they don't care if it's staying in escrow forever.

In the future I would do much higher Escrows and also add the clause to the contract.