Do you get earnest money back if loan is not approved

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Wed Feb 13, Most purchase agreements have a clause in them that if the financing doesn't go through then you will receive your deposit back. Just make sure that clause is in there. If you get a pre-approval through a reputable firm, then you should have a good idea that the financing will go through. I wish you the best!

Thu Feb 14, Earnest Money is held by Broker as long as there is a MUTUAL RELEASE from both parties 3 if lender involved it will go back to buyer. If there is an issue it then goes to arbriation. READ ALL FINE PRINT!

Karen Paytas , Agent, Clinton Twp, MI. Look for the paragraph in you purchase agreement that deals with earnest money deposit and mortgage and financing. If you,re working with a Realtor ask them. God luck, Karen Paytas Realtor Real Living Kee Realty Kpaytas mirealsource.

Kathy Persha , Agent, Birmingham, MI.

Most real estate contracts are worded so that if your financing does not go through for any reason, your earnest money deposit would be refunded. However, I don't know how your contract is worded. Do you have a realtor? This is really a question for your realtor on how your contract is worded. Kathy Persha, Realtor GRI, SFR, CDPE, CIAS Nextage Advanced Realty Sales contracts are contingent upon financing.

Give me a call- Shanna Rogers , Agent, Murrieta, CA. Hi jhkogger, Read your contract for your contingencies. If you have a loan contingency and you haven't removed it, you should get your EMD back. However, it depends on how your contract is written. Have your Realtor go over it with you.

Shanna Rogers SR Realty http: Scott Godzyk , Agent, Manchester, NH.

Can a seller retain the full deposit if loan approval | Zillow

It will depend on how you write your offer and if you are within teh stated amount of days given. Check your contract for days and contingincies. You should also ask you buyer agent for guidance. My question is about Earnest Money and do you get it back if the loan fail to go through? Will I get my earnest money back?

Will I get my earnest money back if HUD hasnt signed the contract? Can I get my earnest money back? Can I get my earnest money back because I was denied a loan? Ask our community a question. Home Buying in Nearby Locations. Ray Ray Township Mount Clemens Sterling Heights Rochester Utica Macomb Macomb Township Washington Washington Township.

Property Q&A: Can I get my earnest money back because I was denied a loan? - Trulia Voices

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