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Reply to "Buyer losing an earnest money deposit - how does it work?"
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[quote=Anonymous][quote=Anonymous]Even though that is what the contract says, I don't think it actually works that way. We had a similar situation and our realtor said that we wouldn't get to keep their deposit. We moved on and found a new buyer. Not sure if it wasn't worth the hastle for us or our realtor.[/quote] Then what’s the point of the EMD?[/quote]
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