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Real Estate
Reply to "Buyer losing an earnest money deposit - how does it work?"
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[quote=Anonymous][quote=Anonymous]You all make it sound easy to get back the EMD (as the buyer). Yet I know people who have lost it. [/quote] Then they are idiots. If you don't sign the release, the title company holds it. It then goes to arbitration which takes a long time. You can then appeal the arbitration which takes even longer. You lose at every step, but until it's final, the house does not have clean title and can't be sold [/quote]
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