May 28 • ❓ Questions
EMD never goes HARD question
Is the EMD allowed to go HARD (not cancel the contract) if the wholesaler finds an end-buyer and gets them under the B-C contract, same closing date as the A-B contract, with their own larger non-refundable EMD (funds cleared – i.e., wire or certified check) in escrow at the same title company before the end of the inspection period?
If I understood the training correctly, the answer is NO.
The wholesaler actually needs to close the transaction before the end of the inspection period. Or get an extension of the inspection period.
But the answers under this post seems like either way would work?
Sorry if I’m missing something obvious. 😀
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EMD never goes HARD question
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