return: Where's My Money?: On Keeping the Buyer's Initial Deposit
- 10/12/07 03:49 AM
OK real estate gurus. Here's a situation you never want to find yourself in. I received an email from a Realtor friend of mine. His client (Seller) found herself at the end of the road called "Dead Deal." It went a little something like this:
- 1. The parties (Seller and Buyer) have signed the Purchase and Sale (P&S) Agreement. Everything looks dandy and you're just waiting for the inspection and financing confirmation. - 2. The inspection is in. No problems. - 3. Bad news. The original lender for the Buyer is out of business. … (2 comments)
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OK real estate gurus. Here's a situation you never want to find yourself in. I received an email from a Realtor friend of mine. His client (Seller) found herself at the end of the road called "Dead Deal." It went a little something like this: ;)
;)
