Assertion: buyer's deposit | /r/HasProperty | earnest
Facets:
Source sentences:
text: A: If the buyer has a "loan contingency" on the purchase agreement (the contract) and it was clearly indicated in writing that the purchase of the home is contingent (in other words dependent on) a loan, then yes the buyer is entitled to get their earnest deposit back since they wrote the offer in good faith, believing he would get a loan to cover the purchase amount.
text: If the buyer cancels the contract due to contingencies during the specified period, they may walk away with their full earnest deposit in hand.
text: A: If the buyer has a "loan contingency" on the purchase agreement (the contract) and it was clearly indicated in writing that the purchase of the home is contingent (in other words dependent on) a loan, then yes the buyer is entitled to get their earnest deposit back since they wrote the offer in good faith, believing he would get a loan to cover the purchase amount.