Receipt for Increased Deposit
A form documenting the receipt of additional earnest money deposit beyond the initial deposit specified in the purchase agreement.
When Its Used
Used when the buyer makes an additional deposit as specified in the purchase agreement, typically within a certain number of days after acceptance.
Key Sections
Amount of increased deposit; Total deposit now held; Date received; Escrow holder information; Acknowledgment signatures
Common Mistakes
Missing the deadline for additional deposit; Incorrect amount; Not getting receipt from escrow; Forgetting to follow up
Pro Tip
Calendar the increased deposit deadline immediately upon acceptance. Verify escrow has received and cashed the check. Get a receipt for your records.
