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When a real estate contract falls, earnest money disputes may add to the disappointment and frustration already experienced by the failure to close.  Earnest money is generally a lower dollar amount; however, the Colorado Contract to Buy and Sell Real Estate requires mediation prior to filing the matter in court.

Colorado Mediators & Arbitrators offers a low cost program to quickly address earnest money disputes for low cost.

Choose the process: 

• You may file for mediation, which allows the parties to attempt to voluntarily agree with the assistance of an uninvolved professional mediator.  The conclusion of the matter is not guaranteed; if mediation fails, the parties must proceed to court as an additional step to have a judge decide who will be awarded the earnest money.  There are additional costs associated with filing in court.
• You may file for med-arbitration, which allows the parties to begin with the attempt to voluntarily agree with the assistance of an uninvolved professional mediator.  If mediation fails, the med-arbitrator renders a binding decision, and the matter is brought to a close.  There is no additional fee for this service.

Price:  Each side to the contract pays $175.

Working with CoMA's professional panel of mediators and arbitrators is an ideal way to settle disputes.  Our panel of attorneys and industry experts are seasoned both in their professions and in alternative dispute resolution. 

Call for a free 30 minute consultation today!