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Real Estate Earnest Money Question

Posted on 4/16/19 at 3:36 pm
Posted by Kraut Dawg
Member since Sep 2012
4510 posts
Posted on 4/16/19 at 3:36 pm
(no message)
This post was edited on 11/8/20 at 6:08 am
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32797 posts
Posted on 4/16/19 at 4:05 pm to
Do they have legitimate reasons for pushing the closing date back?
Posted by dirtsandwich
AL
Member since May 2016
5209 posts
Posted on 4/17/19 at 7:10 am to
Like most legal questions that get asked on here (and I’m not a real estate lawyer), the answer is it depends. In this case, it depends on the language in the contract that you guys have entered into. Without having seen the contract, I think it is impossible to determine whether or not you can keep their earnest money. That being said, I don’t know real estate law well nor do I know what state you are in.

But the answer almost certainly depends on the contract terms.

Unlike others above, I will not opine on the wisdom or foolishness of walking away from this deal over what appears to me to be a relatively minor inconvenience. Good luck.
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