Monday, April 5, 2010

Non-Refundable Deposit Can't Always Be Kept

It is not unusual for sellers of real estate to want the buyer's deposit to be non-refundable. Banks selling REO properties routinely insist that deposits be non-refundable. If an attorney is representing the owner in a sale of real estate, you can pretty well count on an insistence that any deposits be non-refundable.



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