If the house im selling falls out of escrow do I get my $ back on the one that Im buying?

I am selling a house and purchasing another. The one that I am buying is on the contingency of selling the other one. If the house I am selling falls out of escrow for any reason (even if buyer backs out) will the house that I am purchasing be able to keep my deposit? It only went into escrow today. I still have 10 days for the inspection to back out, but wondering about if the other one doesn’t sell.

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This entry was posted on Wednesday, March 2nd, 2011 at 12:31 am and is filed under Sell My House. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “If the house im selling falls out of escrow do I get my $ back on the one that Im buying?”

  1. falsi fiable Says:
    March 2nd, 2011 at 12:31 am

    Ask your BUYER’S agent (the one helping you buy the new home) about the purchase contingency. If he/she wrote the right contract, YES, you get your earnest money refunded.

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