What happens to my earnest money if the sale does not go through?
Earnest money is the deposit that you give to the seller or his agent upon the signing of the offer to purchase to show that you are serious about buying the house. If the sale goes through, the earnest money is applied against the purchase price. If the sale does not go through, the earnest money will be forfeited or lost unless the offer to purchase expressly provides that it is refundable.
