Require a big deposit to discourage buyer’s remorse 
By Benny Kass
Published: August 13,2012
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 [...]




