Will i lose my earnest money

[James Smith]

I live in California, and I am currently experiencing that is freaking me out. My lender is being very slow with the appraisal. I believe they have not even ordered it because I have not been charged yet. I am out of the contingency period and dropped all contingency other than appraisal. The seller is now unhappy and is threatening to cancel escrow and/or suing me for the earnest money.

Can they actually do that? How do I go about doing this? Any advice would be greatly appreciated.

[Jay Hinrichs]

Originally posted by @Fred Shatzoff:

@James Smith  How long ago did you apply with your lender?  Call them today and explain situation and find out what is going?  Do you have an Attorney handling this for you if so contact them today?  Good luck.

 attornies do not handle real estate closings in California Title and Escrow companies do..  its not like East coast attorney closing states. Just fyi.

if you still have your finance contingency you can back out and get your money back if the lender denys you.. if you run out of time you could lose it.

you should be talking to your real estate agent about this.. that is the one who will help U