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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you don't end up getting financing, you tell the seller. They can choose to keep your earnest money, but you don't have to sign anything releasing it. That keeps the house in limbo while mediation or arbitration plays out. They can sue, but that costs a lot of money and takes a long time. Realistically, they'll re-list and cut their losses [/quote]

I'll keep your 50k earnest and let you pursue a hopeless case in court. Realistically speaking you'll lose. For me relisting means a hit to the sale price, the house has been tarnished in the eyes of prospective buyers, i'll relist after collecting the 50k.

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Cool story. Guess you've never gone through litigation. 
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I have, which is why i say this a slam dunk breach of contract and misrepresentation/fraud case. You want to make your 50 k inaccessible, pay additional fees to a lawyer and lose? Be my guest1 I can still live in my house, or rent it or take a HELOC out and lose nothing. I have plenty of options![/quote]

Cool story. You're so tough. I'm so impressed. [/quote]

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