Talk of The Villages Florida - View Single Post - Perils of new home buying
Thread: Perils of new home buying
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Old 12-11-2010, 07:38 PM
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Default I don't think I am getting this right......
Wait now. Am I understanding that you would lose your down payment on a new home of 40K if you didn't close in 30 days....................???????????????


We paid cash so financing wasn't part of the deal, but I have never heard you would lose your earnest money.....

I had heard that you can change your mind if your deposit is on ground and choose another location and even wait a year or two.
Last edited by graciegirl; 12-11-2010 at 07:46 PM.