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Updated almost 5 years ago on . Most recent reply

Ivan Arenas's profile image
Ivan Arenas's profile image
Ivan Arenas
  • Member since Apr 25, 2020
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Ivan Arenas's profile image
Ivan Arenas's profile image
Ivan Arenas
  • Member since Apr 25, 2020
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Ivan Arenas
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Buying & Selling Real Estate

Can the buyer recover the earnest money?

Ivan Arenas
Posted

The Contract says that the sale is contingent upon Buyer obtaining approval of a conventional FHA loan but the loan amount was left empty ("2c"). The mortgage was not approved by the bank due to a pending litigation of the HOA with the constructor.

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