Have you ever had a buyer loose their earnest money deposit?

Question

Captain Wayne - Rowlett Real Estate School, Rowlett Real Estate School / Owner and Instructor (Rowlett Real Estate School)

Answers Subscribe to Answers

Sort

Rainmaker
1,677,896

John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

No but I've had one we had to fight for in order to get back.

Jul 08, 2015 12:08 AM

Upvote

1

John McCormack, CRS

Albuquerque, NM

Rainmaker
3,073,563

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

no - but we've had plenty of insincere buyers of our short sale listings lose their earnest money!

Jul 15, 2016 10:03 PM

Upvote

Rainmaker
4,673,037

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

No

Jul 08, 2015 01:29 AM

Upvote

Rainmaker
699,277

Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

Yes, $50,000. The soon to be ex wife would not sign off on the divorce in time.

Jul 08, 2015 01:07 AM

Upvote

Rainmaker
175,614

Spirit Messingham

Tierra Antigua Realty - Tucson, AZ

Third Generation Full-Time Realtor® 520 471-6900

No. I keep track of dates and let them know. I explain if they cancel once we are past the BINSR wihtout just cause (Ie loan contingency, etc) they will most likely lose said EM.

Jul 08, 2015 12:39 AM

Upvote

Rainer
67,369

Evelyn M Epperson

Coldwell Banker Residential Brokerage - Johns Creek, GA

A Tradition Of [Excellence, Trust & Service]

Yes I have had 3 buyers over 30 years loose their earnest money!

Jul 08, 2015 12:31 AM

Upvote

Rainmaker
5,583,758

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

yes....and rightfully so....not my buyer....but it was my builder.... buyer was clearly in default and it cost that buyer $50,000!!!

Jul 07, 2015 11:42 PM

Upvote

Rainmaker
5,948,317

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

I remember years ago, had a buyer that had been "pre-approved" by her own lender, and two days before the appraisal deadline found out the lender was not approved to do FHA loans. Seller kept their EM.

Jul 07, 2015 11:23 PM

Upvote

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Captain Wayne - Rowlett Real Estate School Yes, i once had a buyer who increased their non-refundable EMD for an extension. It didn't work for them and they lost the EMD.

Jul 07, 2015 10:52 PM

Upvote

Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Yes, but they were not my buyer. It's the fee for requiring the seller to take the home off the market and creating all the associated devaluation issues.

Jul 07, 2015 10:15 PM

Upvote

Back to Top

No but I've had one we had to fight for in order to get back.
no - but we've had plenty of insincere buyers of our short sale listings lose their earnest money!
Yes, $50,000. The soon to be ex wife would not sign off on the divorce in time.
No. I keep track of dates and let them know. I explain if they cancel once we are past the BINSR wihtout just cause (Ie loan contingency, etc) they will most likely lose said EM.
Yes I have had 3 buyers over 30 years loose their earnest money!
yes....and rightfully so....not my buyer....but it was my builder.... buyer was clearly in default and it cost that buyer $50,000!!!
I remember years ago, had a buyer that had been "pre-approved" by her own lender, and two days before the appraisal deadline found out the lender was not approved to do FHA loans. Seller kept their EM.
Captain Wayne - Rowlett Real Estate School Yes, i once had a buyer who increased their non-refundable EMD for an extension. It didn't work for them and they lost the EMD.
Yes, but they were not my buyer. It's the fee for requiring the seller to take the home off the market and creating all the associated devaluation issues.