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Home / Columnists / Require a big deposit to discourage buyer’s remorse (access required)

Require a big deposit to discourage buyer’s remorse (access required)

DEAR BENNY: Some states such as California have a 3 percent limit to deposit recovery; buyers have the right, if they legally back out of a contract, to secure a full return of up to a 3 percent deposit. Any deposit over 3 percent is not refundable. In California, I have never seen a deposit over ...

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