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I don't think i can get my earnest money at this point. I will also pay for the expenses the lender paid for per the agreement I signed and gave my credit card number when i completed the loan application. I am Ok with loosing the earnest money as long as i walk away
Thank you. I put in 2% of the purchase price for the earnest money deposit, and my understanding is that earnest money can be just a 1%. Can I asked them to just give me back half of the earnest money just as an offense measure; so even if they say no that means they will keep the whole 2% and I can walk away. I have asked the agent that I want to walk away over a week ago before the hud doc was finalized (it was finalized today) and she said the seller could go after me for more than my earnest money. I was worried and just keep going with the flow but I am really have a bad feeling about this deal and just want to walk away. it will cost me $ 7,000 earnest money and possibly about 2,000 for the closing cost itmes I will have to pay back to the lender. Also how would I approach the seller to let them know that I do not wish to fulfill the contract. Thanks
I kinda told my agent that I am really tired and I just want to end this thing and if the seller want to keep the earnest money they can go ahead and do so. Then when I tell her I want to get my earnest deposit back I don't know what would happen! thanks
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