Buyer Backed Out. Does the Seller Keep the $30,000 Deposit?
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YouTubeReality from A Realtor
Buyer Backed Out. Does the Seller Keep the $30,000 Deposit?
A buyer puts down a $30,000 deposit and then walks away from the deal. Does the seller automatically get to keep that money? The short answer is yes, the deposit is forfeited to the seller. But a smart seller will not touch those funds right away. The right move is to relist the property first and see what the actual damages are. If the seller ...
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