Monday, July 18, 2011

How much money do I stand to lose by pulling out of a home purchase?

If you have contingencies for financing and/or inspection, then you shouldn't lose anything - except what you've paid for the home inspection. If you don't have contingencies regarding the financing, then you'll lose your earnest money, the inspection money (of course), and can be sued to continue with the purchase of the house (this is pretty rare though).

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