Buyer never paid earnest money?
Hi BP. I️ assigned a property to an end-buyer, and he signed a contract to pay a $750 non refundable earnest money deposit. His lender disagreed with the numbers, and wouldn’t lend him the money so the buyer was unable to buy the property. I️ later found out the the earnest money check that he brought to the title company was a blank check, and now he is refusing to pay the $750 (he told me see you in court). Is it worth it to take this to court?
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John Thedford
#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
If I was the seller I would look to who I entered into contract with....not the other "buyer".
How do YOU plan on following through with YOUR PROMISE TO THE SELLER?