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Land Title Guarantee Co

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Land Title Guarantee Co Reviews (2)

Our office has had many conversations with Ms. [redacted] regarding her earnest money deposited with Land Title Guarantee Company. There is currently a dispute between Ms. [redacted], the purchaser, and the seller as to who is entitled to the earnest money. Land Title strives to treat each customer fairly...

and professionally and we are obligated to follow the instructions that the parties provide to us for each transaction. In this transaction, the purchaser and seller designated Land Title to hold the earnest money for the purchase of the subject property. When the purchaser delivered the earnest money, she received an Earnest Money Receipt, dated May 11, 2015, which states "Until Closing Instructions have been signed by Buyer, Seller and Earnest Money Holder, Paragraph 24 (Earnest Money Dispute) and Paragraph 25 (Termination) of the Contract will apply to the holding of the Earnest Money by Earnest Money Holder." The parties did not sign Closing Instructions and so the terms of the Contract apply to this transaction.Paragraph 24 of the Contract, which Ms. [redacted] signed, states "In the event of any controversy regarding the Earnest Money, Earnest Money Holder is not required to release the Earnest Money. Earnest Money Holder, it its sole subjective discretion, has several options: (1) wait for any proceeding between Buyer and Seller; (2) interplead all parties and deposit Earnest Money into a court of competent jurisdiction, (Earnest Money Holder is entitled to recover court costs and reasonable attorney and legal fees incurred with such action); or (3)..."It is Land Title’s responsibility to protect the earnest money until an agreement has been reached by the parties, or until a court awards the earnest money to one or both parties. The parties are represented by legal counsel and we have been advised not to release the earnest money pending a resolution. Therefore, by not releasing the earnest money until the parties resolve their dispute, Land Title is following the parties’ instruction per the Contract and is also acting at the direction of the parties’ legal counsel.

Complaint: [redacted]
I am rejecting this response because:my lawyer has sent copies of the letters regarding an illegal contract and undisclosed dwelling (all constructed without permits, and not beyond proper set backs from highway 14) the property is now in violation and it will cost hundreds of thousands of dollars to remove and haul away all illegal buildings and bunker. Please give me my money back so I can move on. I am not purchasing the property. [redacted] the seller only did harm when building and attempting to sell under false terms. 
Regards,
[redacted]

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Address: 772 Whaler's Way, Fort Collins, Colorado, United States, 80525

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