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gerlmike
Apr 21, 2014, 02:56 PM
I have a signed and notarized purchase agreement. The buyer gave me $5,000.00 down, the balance is 45,000. If he backs out of the deal, do I get to keep the $5000.00?

ma0641
Apr 21, 2014, 04:08 PM
What does the purchase agreement say?

AK lawyer
Apr 21, 2014, 05:37 PM
That's normally how an earnest money agreement works. As ma0641 asked, what does it say?