If a deal goes south the real estate broker sometimes keeps the earnest money. Depends on the situation.
Another interesting twist on earnest money......I know a family that has bought a lot of houses and apartments as family investments over the years. Sometimes if their offer was refused the real estate broker was slow to refund their earnest money. They got tired of the real estate people playing that game. Now when they made an offer on a property they attach an IOU payable upon acceptance of their offer.
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Today's Featured Article - Farmall 460: That's My Girl - by LeAnn R. Ralph. How many sounds can you think of that are as familiar to you as your own breathing? What about the hum of your refrigerator? Or the thump of your clothes dryer? Maybe the engine of your car? You hear those sounds every day, and you don't think much about them, do you. I can think of a few common, ordinary sounds in my daily life, too.
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