Additionally, as an alternative to seeking to retain the defaulting buyer's deposit- a Seller MAY be entitled to seek, as damages, recovery of the difference between the price established in the contract w/ the defaulting buyer and the amount ultimately received for the property.
All the best,
Robbie L. Vaughn, Esq. (Robbie Vaughn)
No Attorney-Client or Broker-Client relationship is formed until we have a signed agreement. This is not intended as legal advice. Please verify any and all information provided to you