One of the problems in Real Estate is that you’re dealing with people and people can be finicky at times. It doesn’t happen often, actually only a few times in our careers so far, but someone will commit to buying a property from you, put up the escrow money, wait a few weeks and then decide that they no longer want the property for whatever reason. Sometimes they’ll sell you a sad story in hopes that you give the escrow money back, sometimes they’ll just assume they deserve it and sometimes they don’t even fight it and just release it to you. Today’s show covers the people that want the money back. What do you do in those situations? Give it back and move on or keep it because they backed out?
