Real Estate

What’s happening with my earnest money?

By From page HS4 | April 04, 2014

While experiencing a lingering case of writer’s block for this weekly column, I received an e-mail from a long-time reader with questions about his earnest money deposit. His problem was the return of his deposit after he decided to cancel the purchase contract after serious property defects were discovered during the inspection period. The seller would not sign the cancellation papers and return the money, claiming that he sold the property in “as is” condition while the buyer’s claimed that he was entitled to a full refund since the property defects were not disclosed.

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Ken Calhoon

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