COVID
Unlawful Forfeiture of Earnest Money During COVID Pandemic
Question: We live in New York. In February 2020 we signed the homebuilder’s Purchase Contract for the purchase of a new home in North Phoenix. We deposited $50,000 earnest money. Under the Purchase Contract we had 30 days to do the inspection and to cancel the Purchase Contact, or the $50,000 earnest money would be…
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