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David Schooley, Broker
RE/MAX Twin City Realty Inc. Brokerage

Call/text  +1 (519) 577-1212  |  david@goinghome.ca

Ask David

If a buyer’s mortgage falls through, what happens to the deposit?

Dear David: What happens if a buyer submits an offer without a financing condition and the bank doesn’t approve their mortgage? Assuming the offer is accompanied by a deposit cheque, does the buyer lose their deposit if they are unable to close? – WONDERING DEAR WONDERING: The issue of deposit cheques must be weighing on

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December 9, 2021 No Comments

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