Did you have a finance contingency with your offer. If you or your agent submitted a Termination & Release prior to the expiration of the Finance Contingency along with a denial letter from your lender, then you would be entitled to all of your earnest money back. If not then your good to get back the $1500. However, you can refuse and if you have done all of the first portion of my response, you can go to mediation and most likely receive all of your earnest money. If you did not have a finance contingency or if you did not meet the terms of the contingency then you could lose it all.
Thank You In Advance
TATIA L. OLDS - REO's, & Short Sale Specialist
Atlantic & Pacific Real Estate US Llc..
2078 Teron Trace. Ste 250
Dacula, GA 30019
If you or anyone you know is interested in Buying, Selling, or Leasing, Relocating, or Investing, to or from, in or out the state of GA, it would be our pleasure to help. Please forward their contact information ( telephone, cell, and/or e-mail address) to us so that we may be of assistance. My staff and I will take perfect care of you and your referrals. THANK YOU IN ADVANCE~~~