Legal Question in Real Estate Law in Illinois

if you was not able to get financial asst. to buy a home do you get your ernest money back


Asked on 9/10/09, 12:10 pm

2 Answers from Attorneys
Sal Sheikh www.BetterCallSal.com

That is a tricky question.

You need to review the terms of the agreement that you signed.

This is happening a lot lately and the law firms representing developers/sellers are fighting for that money.

There is usually an attorney review period and some other dates contained within the contract pertaining to just this.

Give me a call and I would be happy to look at the contract for you for a VERY reasonable fee and advise you.

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Answered on 9/15/09, 2:29 pm
Thomas Moens Moens Law Offices, Chartered

It depends entirely on whether you have a financing contingency in your purchase agreement.

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Answered on 9/15/09, 2:52 pm


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