Legal Question in Discrimination Law in Michigan

What right does the seller of a home have to deposit money when the buyer backs out of the deal without good reason.


Asked on 2/15/11, 2:25 pm

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

After contingencies are lifted, the buyer is on the hook for the earnest money deposit. The seller usually splits this with their realtor. It's all in the purchase agreement. Visit kliszlaw.com to discuss. Tim Klisz

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Answered on 2/15/11, 6:04 pm


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