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Understanding Earnest Money and Liquidated Damages: Strategizing Real Estate Contract Risks
In this episode, Luke and I explore a crucial question: Can a buyer lose their earnest money deposit? Not only do we provide a comprehensive answer, but we also explore the relationship between earnest money deposits and liquidated damages. We explain how liquidated damages not only means consenting to lose a predetermined amount of money; it also serves as an agreement to cap potential losses. Join us as we unravel these complex real estate contract concepts, to help both buyers and sellers understand the implications of their real estate transactions. Tune in to gain valuable insights and navigate the complexities of the real estate market with confidence.
Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).
Sold2000.com for our real estate Sales Team (DRE 02173355).
Learn more about host Chuck Hamm here
or on LinkedIn, and contact him at chuck@fund2000.com.
Video version of podcast on Youtube or search for Fund2000 Real Estate Podcast!
This content is not legal advice. Contact an attorney for legal advice.
For specific real estate sales or mortgage lending questions, you may contact chuck@fund2000.com
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