Frederick, MD asked in Real Estate Law for Maryland

Q: Will my earnest money deposit be refunded to me if I rescind an agreement of purchase for a new construction home?

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1 Lawyer Answer
Richard Sternberg
Richard Sternberg
Answered
  • Potomac, MD
  • Licensed in Maryland

A: The answer is in the contract. You need to read it. If you need help reading it, you should have a lawyer help you read it. Not all contracts say the same thing, and, if you don't know what you signed when you signed it, you can guess that the terms favor the other side who did read it.

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