When does seller get to keep earnest money
Home About Learn Home Buying Mortgage Articles Mortgage Types Our Blog News FHA News Mortgage News Housing Market Contact. Many times to let the buyer out of the deal they will agree to allow the seller to keep some or all of the earnest money. Sellers only get to keep the deposit if the buyers get cold feet or default in some other overt way, barring specific contract language to the contrary. Related Discussions Can the seller keep the earnest money after inspection? Zillow Advice depends on each member to keep it a safe, fun, and positive place. I am hoping that your agent gave you an inspection time frame and inspection contingencies have not been removed. The logic here is that your earnest money will be returned to you, in the event, the loan does not receive final approval.