2006-08-04 23:02:07 · 2 answers · asked by sue.strout 2 in Business & Finance ➔ Renting & Real Estate
No I don't work in Real Estate
2006-08-04 23:05:38 · answer #1 · answered by nastaany1 7 · 0⤊ 0⤋
Read your agreement, I am guessing you had an alternative interval and that has expired. When this occurs the earnest cash turns into rough. However, you need to appear and spot if the agreement is stylish on purchaser receiving financing or now not. The standarized varieties utilized in Texas have a field that's checked one whether it is conditional and one if it isn't. If it used to be now not, then sure, you'll be able to be sued and ordinarily have little or no safeguard for breach of agreement. And as beforehand recounted the agent DOES NOT get the cash. It is being held by way of an escrow agent and desires you to signal the discharge, so the cash can also be transferred to the vendor. Are you running with the vendor's agent, or do you've got your possess agent? I can not feel your agent could now not have this stylish on purchaser financing. But if you're utilizing the vendor's, I doubt it could be contingent upon financing.
2016-08-28 12:23:21 · answer #2 · answered by bachinski 4 · 0⤊ 0⤋