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Can I get my deposit back if I changed my mind?

by Tkmoseley120 from Huntington Beach, California. Dec 7th 2015 Reply


Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

It depends on what your contract states. Read it carefully to see what your options are.

Dec 8th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

If your talking about your earnest money deposit submitted with an accepted offer, then the rules vary from one state to another.. Here in AZ, from the time you sign a contract, you have 10 days to do your inspections.. you can cancel the sale any time within that 10 days for no reason what so ever, but if you wait till the 11th day.. not only can you lose your EMD, but you can also be sued for non performance, but this is AZ.. the laws in your state might be different.. Ask your Realtor.. they should know and it's what they are getting paid to do.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Dec 8th 2015
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Mubarak Mesick (info@mubarakshippingfinancialservices.com)
#1195 ranked lender in California - 2 contributions

Yes,,, you will get your deposit back if you change your mind or decided to stop.Regards,Mubarak

Dec 8th 2015
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Mubarak Mesick (info@mubarakshippingfinancialservices.com)
#1195 ranked lender in California - 2 contributions

Yes.. you will get your deposit back if you decided to change your mind,Regards,Mubarak.

Dec 8th 2015
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Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

Depending on the deposit you are talking about and the contract you signed.

Dec 8th 2015
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