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re: Homebuilders cancelling contracts to sell for more on market
Posted on 3/29/22 at 3:40 pm to Eightballjacket
Posted on 3/29/22 at 3:40 pm to Eightballjacket
quote:
So under the terms of the contract the homeowner can back out too if home prices plummet?
Pretty sure the answer to this is yes, they would of course lose their earnest money. And a lot of times financing is delayed or doesn't pass and same situation...they lose their earnest money.
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