Buyer Defaulting on a short sale wholesale

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What would happen If I get a short sale property under contract and I can't find an end buyer and I didn't put a down payment as advised by people on here what would legally be in danger of. What would I owe the bank and the Listing Agent? Any input would help. I have 61 offers to put in today but I don't want to go forward without knowing this

[Jon Holdman]

You're not going to get a short sale under contract without earnest money (not down payment, just earnest money.) You can use the "EM to be provided by certified funds within 48 hours of short sale approval". But then if you do get an approval you will need to hand over the money quickly or the contract will be canceled. If you do lay out the earnest money and then don't close, the bank or seller will keep your EM.