New Jersey  |  Real Estate Law

Legal Question

Asked on: 5/01/08, 10:58 pm

mortgage commitment clause

i have a mortgage commitment on a house I am trying to buy. My question is if I get a mortgage commitment , & my buyers cannot get a mortgage to buy my condo, I will not have my down payment of $300,000 which means I cannot get a larger mortgage. Will my sellers have a right to keep my deposit?

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