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Earnest Deposit - Arbitration
Im a buyer involved in an Earnest Deposit dispute with a seller here in CA.
Is my liability capped at the loss of the earnest security deposit (3% of Purchase Price) or am I also potentially liable for any attorney fees in the event that I lose the case in arbitration??
My biggest fear is me also paying for attorney fees on behalf of the seller should either the seller win outright or should the seller win partial portion of the earnest deposit.