I also recommend you tell him he forfeits the discount because it was contingent on him staying for three months.

Should we forfeit or move forward with purchase since we’re unsure of condition at this point?

If you've already released your other contingencies (inspection and financing, typically), you're going to be stuck with forfeiting your earnest money if you bail on the purchase.

I forfeited the rest of my earnest money and did a net listing for the last 3 condos in order to appeal to a broader clientele.

In event purchaser fails or refuses to comply with terms of sale within 20 days from close of bidding, deposit shall be forfeited and applied first to costs and then to Plaintiff's debt , and the Master shall forthwith re-advertise and resell said property upon the same terms on some subsequent sales day at the risk of former purchaser until obtaining full compliance with sale.

The seller's broker (he's forfeiting commissions because he's the seller's son-in-law) sent me the contract he uses when buying flips, we both hacked out the contract.

Purchase price: $4,000 Cash invested: $4,000 Sale price: $15,000Tax-forfeited land investment in a marginal neighborhood that the city is investing in the infrastructure.

If I had to evict, they would forfeit that second payment.

@Mike McCarthy I was always under the assumption that if you break a lease early that you forfeit the security deposit?

Since this one did not need to be signed, you may not have seen it BUT your agent should have.Page five of the packet is the “Earnest Money Forfeiture Policy” which provides for, verbatim from the form:“Investor PurchasersUninsured Sales – The purchaser will forfeit 100% of the earnest money deposit for failure to close, regardless of reason.Insured Sales – The purchaser will forfeit 50% of the earnest money deposit for failure to close if purchaser is determined by HUD or Direct Endorsement underwriter to be an unacceptable buyer.