News & Events

News & Events

2.16.2005

Earnest Money Damages Limitation Provision Requires Exact Compliance

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When making a significant purchase like real estate, most people are careful about what they sign. But did you know that what the seller does or does not sign could have big financial consequences for you? This was precisely the expensive lesson learned by the purchaser in the case of Chrisp v. Goll, which was recently decided by the Washington Court of Appeals. The court ruled that the substantial compliance doctrine did not apply to the Earnest Money Forfeiture Statute. View full article (PDF).