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Updated almost 10 years ago,
HUD home and losing earnest money
It's been awhile since I purchased a HUD home.
Is it true as an investor the inspection or financing contingency put in a contract, means nothing? Meaning that if you are an investor, and the inspection is unacceptable and you decide not to proceed, they will take your earnest money?
Won a bid, just want to be more familiar on the process.