Legal Question in Real Estate Law in Texas

Earnest Money Contract

The seller took it upon himself to strike through the language in the financing addendum that says I am entitled to my earnest money if I cannot obtain financing. How can I get around this? I don't feel safe signing the contract now that he has altered it in his favor. I'm sure these forms were written this way for a reason and not being able to obtain financing is not considered default so I should get my earnest money back but I really want to buy this condo and want to work this out but not give up my rights.


Asked on 5/26/09, 12:02 am

1 Answer from Attorneys

Re: Earnest Money Contract

If you don't agree to the terms, don't sign the contract. Everything is negotiable, and it's a buyer's market.

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Answered on 5/26/09, 12:05 am


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