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Updated almost 5 years ago, 01/16/2020

User Stats

95
Posts
26
Votes
Nadiyah M.
Agent
  • Realtor
  • New Jersey
26
Votes |
95
Posts

Should we forfeit earnest money?

Nadiyah M.
Agent
  • Realtor
  • New Jersey
Posted

I am a long distance Investor that paid $10k and deposited $3k earnest money for a property in Flint, MI. The sellers have been a real headache and uncooperative in the closing process. In the meantime, the property manager checked on the property and advised the door had been kicked in. Should we forfeit or move forward with purchase since we’re unsure of condition at this point? The home was appraised at $43k before repairs which appeared to be cosmetic.

  • Nadiyah M.
  • 908-663-8996

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