Earnest Money Dispute Texas

Summary

Stopping payment on an earnest money check can lead to legal issues, including breach of contract and potential criminal charges in Texas. High-pressure sales tactics may be subject to consumer protection laws. Consult a local attorney for specific advice.

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Real estate law
Hello ****, I'd be glad to help with your real estate law questions. Could you please specify your situation or the particular aspect of real estate law you need information on? Also, your location will help as laws vary by region.
Put down earnest money to buy land in Texas, after shopping around for interest rates found it was to expensive, tried getting earnest money back, they said no, so I put a stop payment on my check, can I get in trouble for doing so
Hello ****. Generally, stopping payment on a check can lead to legal issues:
- Breach of contract if the earnest money was part of an agreement.
- In Texas, writing a 'hot check' (a check knowing it won't clear) can be a criminal offense.
It's advisable to consult a lawyer in your area.
Ok does is matter if it was just a one page document and was from a high pressure sales company
Hello ****, the length of the document or the nature of the company doesn't necessarily impact the legality of the agreement. In Texas:
- If the document constitutes a contract, it can be enforceable.
- High-pressure sales tactics may be subject to consumer protection laws. Consult a local attorney for specific advice.
Thank you
You're welcome, ****! I'm glad I could provide some general insight into your situation. Remember, this is just general information, and it's always best to consult with a local attorney for specific advice.