Real Estate Broker
Muskegon,#2UPDATE Employee
Thu, September 25, 2008
I would like to help you with your problem. There has to be more to the story. I am an associate broker at Nexes Realty. First of all there are some guideline that we have to follow by law. One is for the earnest money. If the time frame was not met by you for inspections, or loan, then the earnest money can't be given back, by law, until both parties agree. It has nothing to do with Nexes Realty. It is the law. Now I don't know the whole story, just what you wrote here. Give me the details, agent's name involved, address of the property and I will look into it. This is a common thing with earnest money. The reason it's there is just in case the buyer gets cold feet and takes the home off of the market. The seller has a right to that money for the home being off of the market. Again, I don't know if this was the case but this is just an example of the earnest money being held.