I know the money might be gone, but I can't in good faith walk away knowing that there is a REA taking advantage of people.... 

Has anyone had to fight an insurance company for bad faith?

If you wish to back out of the deal due to an inspection coming back with results you don't agree with, you may do so and keep your good faith deposit.

I understand that a business must make a "good-faith certification that the loan is necessary due to the uncertainty of current economic conditions caused by COVID-19." 

You went in with good faith and they pretty much took your $80k and robbed you. 

Hi Biggerpockets,“What remedies to expect/use on wholesalers that keep the ‘good faith escrow’ and don’t return it?”

This is making me realize I've put a little too much faith in this one institution. 

@Stephen Rager Banks don't just give out loans on blind faith... so they charge for a 3rd party appraisal, check credit, verify income, and approve or decline the loan. 

Did not intent to house hack, but took a leap of faith which gave me a taste of an additional stream of income, which as since resulted in me becoming a Bigger Pockets pro member and daily searched for my next investment.

.): "The agencies have confirmed with staff of the Financial Accounting Standards Board (FASB) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not troubled debt restructuring."