Legal Question in Real Estate Law in Illinois

If a property does not close by the date indicated in the contract, does the Buyer forfeit the earnest money?


Asked on 8/31/16, 8:56 am

1 Answer from Attorneys
Thomas Moens Moens Law Offices, Chartered

It depends on what the contract says, and the reason for the delay. You should ask the attorney representing you in this transaction for specific advice, or hire one if you have not already done so.

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Answered on 8/31/16, 9:30 am


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