2006-10-23 11:24:55 · 4 answers · asked by wwwnamucom 1 in Business & Finance ➔ Renting & Real Estate
No, take a buyer remorse pill and get over it! If you walk away from a signed contract, you could lose your earnest money depending on how the contract was written.
2006-10-23 11:27:46 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Depends on the terms of the contract. If you don't have an "out" within the contract, the seller might keep your earnest money deposit or they might sue for specific performance (force you to complete the sale). Ask the Realtor representing you. If you don't have one, make sure not to make that mistake again.
2006-10-23 11:32:42 · answer #2 · answered by teran_realtor 7 · 1⤊ 0⤋
if you initialed page 3 or 5 I believe, where it clearly states that if YOU cancel they will hold your deposit, then no, but if you didnt you can. But I wouldnt say that. I would say You lost your job or something. They wont send you to collections
2006-10-23 11:57:42 · answer #3 · answered by Justme 2 · 0⤊ 0⤋
If you have removed all your buyer contingencies,(loan, inspections, acceptance of reports and disclosures) you will not be able to get your money back.
2006-10-23 12:36:20 · answer #4 · answered by linda z 2 · 0⤊ 0⤋