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  1. #1
    Join Date
    Sep 2016
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    13,916

    Default Can You Back Out of a Real Estate Purchase While Losing Only Your Deposit

    A real estate buyer is trying to purchase a bank-owned property in Maryland. He tried to get a contingency for an inspection, but the bank is insisting upon an as-is, no contingency sale. If he accepts the bank's counter-offer, then finds a reason to back out of the sale, will he be out only his deposit or could he be held liable for a greater amount of damages or be forced to go through with the purchase of the property?

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