Zillow Advice: Buying Process - Can I recover my earnest money when bank countered 14000 dollars higher than my offer on a short sal http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ Zillow Advice | Zillow Real Estate Yes, your agent will be able ... http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ Yes, your agent will be able to get your money back to you. Thu, 19 Jul 2012 13:19:00 GMT http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ 2012-07-19T13:19:00Z The bank has countered at ... http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ The bank has countered at 11,000 dollars more than my offer. I am not willing to accept. So is opion my earnest money should be refunded? Thu, 19 Jul 2012 13:14:00 GMT http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ 2012-07-19T13:14:00Z When the bank countered the ... http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ When the bank countered the agreement ended and if you don't accept you should absolutely receive your earnest money back.&nbsp; <br/>Good luck. Thu, 19 Jul 2012 12:49:00 GMT http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ 2012-07-19T12:49:00Z at the bks counteroe i dot ... http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ <p>at the bks counteroe i dot want the property. W did the CMA&nbsp; and it came back 2000 above my offer not 1400 s the bank counterd</p> Thu, 19 Jul 2012 08:24:00 GMT http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ 2012-07-19T08:24:00Z You should be able to. http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ You should be able to. Thu, 19 Jul 2012 04:09:00 GMT http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ 2012-07-19T04:09:00Z Your Earnest Deposit is to ... http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ Your Earnest Deposit is to be set aside for you by your Realtor in a separate account. If you do not accept their counter offer the money is absolutely still yours. Speak to your Realtor for further information, they should be able to clear up and issues or misconceptions. Thu, 19 Jul 2012 01:52:00 GMT http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ 2012-07-19T01:52:00Z yes, you are not technically ... http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ yes, you are not technically in a contract if the bank has not approved the deal. Now is when you have 2 options, back out and send a cancellation notice to the seller or counter the bank back.<br/><br/>Check with your agent to ensure you made a good offer. I have seen many times buyers have made offers on homes based on the list price, when homes never should have been listed at that price to begin with. At the same time I have seen banks come back with unrealistic desires in regards to what price they want for the property.&nbsp;<br/><br/>If you are working with a good agent, they can help you with this by doing a current CMA (comparative market analysis) There are other factors to consider when making offers besides what the list price is. Unfortunately not all agents are aware of this.&nbsp;<br/><br/>Are you just looking for a way out of the contract, or do you really want this property?<br/><br/> Thu, 19 Jul 2012 01:29:00 GMT http://www.zillow.com/advice-thread/Can-I-recover-my-earnest-money-when-bank-countered-14000-dollars-higher-than-my-offer-on-a-short-sal/451617/ 2012-07-19T01:29:00Z