Help!!! Could lose 50k in 10 days

[R D]

Hi Everyone,

ANY input or ideas on this would be so greatly appreciated you have no idea.

So we are buying a property with 50k earnest money given. The deal is supposed to close in 10 days. The lender who we have elected to pull 400k out of our primary residence (half of the purchase price) may not close the loan on time. Because we are buying the property with the cash we cannot extend or get out of the contract because of a loan contingency. We have already agreed on the inspection (the seller lowered the price significantly). NOW, we fear the seller could take our 50k if we do not close on time..

Any first thoughts or strategies that come to mind????

Thank you