• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Buyer backing out

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

Mr_Natural

Junior Member
What is the name of your state? GA
Using a realtor, I have signed a contract to purchase a home and put down some earnest money. Due to a sudden health issue, I may have to back out. Aside from forfeiture of earnest money, loan and application fee, could I be held liable in any other way
 


PghREA

Senior Member
pojo2 said:
could I be held liable in any other way

Yes you can.
But, it's not set in stone. It is all up to the seller and what he wants to do. It is possible that the seller will just accept the hand/earnest money and move on with his life.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top