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  • Profile photo of jessedgjessedg
    Member
    @jessedg
    Join Date: 2004
    Post Count: 1
    July 19, 2005 - 8:15 am

    Hi,

    I believe the buyer would lose the .25% holding deposit if they back out of the deal prior to the end of the cooling period.

    Once the cooling period ends, you can lose (and must pay) the 10% of the purchase price if you backout by then.

    Cheers,
    Jesse

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