Buying or Selling a Home/earnst deposit

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Expert: Toni Yates - 2/3/2009


Question
When can you lose your earnst deposit on a forclosure purchase

Answer
Hi Addy-
Thanks for your question. Can you be more specific? You can possibly withdraw your offer, depending on your contract and/or there are usually some other outs via contingencies. The only sure-fire way to lose it is just plain failure to perform. Hope this helps. Best, Toni

Buying or Selling a Home

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Toni Yates

Expertise

As a real estate broker and agent for over 12 years, I am qualified to answer questions about buyer and seller agency, home ownership, second home ownership, lake property and basic real estate information and laws as they apply in the Commonwealth of Virginia.

Experience

12 years in real estate and a second home owner. Top producer for many years. Have specialised in resort and second home as well as primary home ownership. Also have expertise in equestrian properties. Owner and one of the founders of Re/Max Lake & Country as well as Greenway Horse Farm.

Organizations
National Association of Realtors, Virginia Association of Realtors, Fredericksburd Area Association of Realtors, Richmond Area Real Estate Association and Charlottesville Association of Realtors. Re/Max and the Better Business Bureau.

Education/Credentials
Real estate licensing and broker licensing courses as well as required and optional continuing education in my field.

Awards and Honors
Top producer awards from FAAR and Re/Max.

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