Legal Question in Real Estate Law in Georgia

earnest money

buying a house in georgia...put up $1000.00 earnest money.....now my loan wont go through....do i lose my earnest money?????


Asked on 3/03/08, 8:54 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: earnest money

What does your contract say? These are things that you should fully understand before something as important as entering into a contract to purchase a house.

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Answered on 3/03/08, 9:02 pm
SHERRY RAGOLE RAGOLE & ASSOCIATES, LLC

Re: earnest money

Look at your purchase contract to determine whether the sale was made "subject to financing." If you need help interpreting your contract, arrange for a consult with an attorney.

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Answered on 3/03/08, 10:01 pm


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