Quote:
Originally Posted by 2011littlehouse
Just curious - was the buyer pulling out of the deal related to the low appraisal?
If so - I would think that they should not lose the deposit - the contract should have a standard clause/contingency on mortgage approval, no?
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No ; two seperate homes. One was a cash buyer who balked 25 hours before the closing, the other is a regular buyer.
We did have a clause that states we keep the deposit, but still...