Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

250
Posts
181
Votes
James G.
  • Investor
  • St Louis, MO
181
Votes |
250
Posts

Buyer never paid earnest money?

James G.
  • Investor
  • St Louis, MO
Posted
Hi BP. I️ assigned a property to an end-buyer, and he signed a contract to pay a $750 non refundable earnest money deposit. His lender disagreed with the numbers, and wouldn’t lend him the money so the buyer was unable to buy the property. I️ later found out the the earnest money check that he brought to the title company was a blank check, and now he is refusing to pay the $750 (he told me see you in court). Is it worth it to take this to court?

Most Popular Reply

User Stats

9,365
Posts
6,551
Votes
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

If I was the seller I would look to who I entered into contract with....not the other "buyer".

How do YOU plan on following through with YOUR PROMISE TO THE SELLER?

Loading replies...