What happens to my earnest money if the sale does not go through?
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Earnest Money is the deposit you give to the agent at the signing of the offer to show the seller you are serious about buying the house. Earnest money is placed in an escrow account, if the sale goes through earnest money is applied to the sales price if the sale doers not go through the earnest money is forfeited or lost unless the offer to purchase provides it is refundable.
