Posts Tagged ‘earnest money on new construction’
Earnest Money on New Construction not Unreasonable Damages
Question: We entered into a contract to purchase a new home in a subdivision in the Buckeye area for $300,000. We deposited $30,000 earnest money in escrow. After 45 days while the home was still in the framing stage, my wife decided that she wanted to quit her job and return to school. We will…
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