A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back
HomeLight
JUNE 23, 2022
It is simply a period of time that the buyer sets to secure financing approval from a lender for the purchase of the home. If the financing fails, the buyer can pull out of the contract with a full refund for earnest money as long as it’s before the specified deadline. Buyer’s current home doesn’t sell in time.
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