Seller backing out of a deal after receving Earnest Money?

[Greg P.]

Hello all. I'm writing this post because we recently put a property under contract with earnest money down. The seller calls me today and tells me a total BS excuse on why he is backing out of the deal. He says he hasn't deposited the Check and wants to give it back. I would be fine with this, but I have my people to pay for executing the contracts, and doing due diligence on the property. Also, I put in a lot of time and effort to make this deal possible. This is the first time this has happened and would like some advice. Thank you very much!