Real Estate Law
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Good afternoon. Thanks for contacting JUST ANSWER. Until I read the last part of your information, my first question was going to be: How did you know about the loan application? Whoever disclosed that violated federal privacy laws. It can be argued that the loan application was not made in good faith, and the financing contingency is invalid. That might might permit you to keep the earnest money deposit. It might also cause you to be sued, so you have to weigh the value of the money versus the inconvenience and aggravation of continuing to deal with that buyer in court.
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