Release of earnest money from contract
A plumbing contractor threatened to make a claim on the house because the previous owner didn't pay him for work he'd done on the house. Home Selling Tips Selling Your Home? The seller can't put a gun to your head to make you buy the house if you don't go through with the deal, but if you don't go through you'll likely lose the deposit you'll pay when you sign the contract, and the seller could also sue you for breaching the contract. First of all, an earnest money contract has nothing to do with the down payment on a house. One that says you accept the property "as-is" no matter what's wrong with it , and one that says the seller has to repair specific things that you write in.