Reply to Buyer losing an earnest money deposit

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A few things to consider:  is this your first time selling a house?

you will undoubtedly go to settlement with this buyer before the next buyer who goes under contract, who may also have issues and need an addendum.

The buyer still wants to buy the house, why are you so inpatient? I’m sure the buyer also wants this to be over.

If you terminate the contract because you won’t sign an addendum and the buyer presents you with one, is operating in good faith, and is working as quickly as possible to resolve lender issues, I doubt this qualifies to entitle you to the earnest money deposit.  And frankly, it shouldn’t.  You’re being a PITA. [/quote]

+1. You don't get to keep the earnest money because of delays. Don't let your greed cut off your nose despite your face.[/quote]

If the contract says they must close by date X and it's now Date X+1 day, yes technically the buyer is in default and seller could choose to take the earnest money and move on.

Personally, I'd ask for a clause to continue showing the home while the buyer gets their shit together.  That way you have a backup should the lending not work out.  The buyer is obviously having issues. 
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