Earnest Money Deposit in Contract

[Arron Paulino]

Is the buyer still on the hook to owe for a breach of contract? I ask since a potential buyer is backing out outside the timeline of when the earnest money was due on one of the properties I have listed. My agent is already working on putting this property back on market just to get it back in front of other interested buyers.

[Todd Rasmussen]

Quote from @Arron Paulino:

Is the buyer still on the hook to owe for a breach of contract? I ask since a potential buyer is backing out outside the timeline of when the earnest money was due on one of the properties I have listed. My agent is already working on putting this property back on market just to get it back in front of other interested buyers.

If earnest money was never deposited y’all should have made a demand for it at the very beginning. I think in most states if the earnest money didn’t make it to title, it isn’t making it to you.