Occasionally, you have a deal that goes bad and earnest money is on the line. What Steven found out that was most common in disputes is that the buyer does not qualify for the loan. Even though there is a loan contingency there is nothing specifically in the contract that most of us (realtors) use and it is a GLVAR form. That says, “if buyer does not qualify for the loan” and they are pasted their contingency the buyer can lose their earnest money. Steven seen a situation where the buyer was still in their contingency and seller did not want to return it back buyer.
Thanks for watching!
Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news!
Tune in every Tuesday at 9am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now!
Call Harvey for all of your Real Estate needs: (702) 203-1165.
Check out radio show website: https://lvrealestateradio.com/
Check out real estate website: https://brownblankfeld.com/
