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#7 | |
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Senior Member
Join Date: Apr 2008
Location: Mt. Pleasant, SC
Posts: 3,899
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Quote:
earnest money is refundable, so you won't be wasting any. if you put a contract on a house with contingencies and one of the contingencies is not met, you can get out of the contract and the earnest money is refunded to you. that is why the earnest money is held in an escrow account. |
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