Legal Question in Real Estate Law in Virginia

closing on a new home, cannot put 20% down

My question is we put down $20k to have a new home built, however its almost closing and we cannot come up with 20% down only 10% down. My question is will i loose the $20k down we put in if we dont close on the house.


Asked on 10/04/06, 12:32 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: closing on a new home, cannot put 20% down

Without knowing more of the relevant facts and reviewing the purchase contract itself, there's no way for an attorney to reliably answer this question.

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Answered on 10/14/06, 4:06 pm


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