BEST ANSWER
FIRST ANSWER
Aria,
Please consult your Buyers agent if you are working with one. What you need is a Release Agreement. It is very important to follow the appropriate chain of events to ensure you are able to get your earnest money deposit back.
You need to know the terms of your financing contingency and make sure to produce the a statement from the lender showing your inability to get the loan before the expiration of the contingency, and then all parties must agree to the disbursement of the funds as well. Best of luck!
Mon Jul 6 2009, 18:12