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What Happens to Unclaimed Good Faith Deposits?

What Happens to Unclaimed Good Faith Deposits?

By Ilyce Glink| 2019-05-03T11:23:05-05:00 May 3rd, 2019|

What happens to unclaimed good faith deposits? As this loyal reader points out, there are many options which vary depending on your location. Q: Every Sunday morning, your article is one of the first two or three that I read in my local paper. Thank you for enlightening me and the public on real estate [...]

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What Happens to the Good Faith Deposit When the Homebuyer Backs Out?

What Happens to the Good Faith Deposit When the Homebuyer Backs Out?

By Ilyce Glink| 2019-04-18T15:28:53-05:00 April 18th, 2019|

What happens to the good faith deposit when the homebuyer backs out? If the buyer doesn’t ask for it back, the seller needs to take control of the situation. Q: We accepted an offer on our house a year ago. Unfortunately, the buyer walked away at the eleventh hour – the night before the moving [...]