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Real estate law.

Publication: San Diego Business Journal
Publication Date: 29-AUG-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Q Can a seller of real property require that a buyer's deposit made as part of a purchase agreement be nonrefundable?

A California law prohibits a buyer's deposit toward the purchase of real property from being treated as nonrefundable. However, the seller can hold onto a buyer's deposit if the buyer...

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