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The Ramsey Show Highlights

Do I Still Owe This Money?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 6 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.2

We're going to go to Taylor up next in O'Clair, Wisconsin. Taylor, welcome to the show.

0:11.8

Thank you. Oh, my gosh. Okay. So my husband and I put in an offer on a house, which was accepted right away.

0:20.1

He had seven days to turn in the earnest money.

0:22.6

And on day five, we decided to not do it.

0:27.6

So we told our realtor right away and we never paid the earnest money.

0:30.6

Mm-hmm.

0:31.6

Long story short, we got married last August.

0:35.6

We're now pregnant with a baby in July, and we found

0:38.4

out last month that my husband who's in the military is deploying this fall for about a year.

0:42.9

So the reason that we jumped on this house is because we got scared, tried to make a decision.

0:47.8

It would be easier for me to live by myself for a year. And then after signing it, we were like,

0:54.0

this is not a good idea.

0:55.0

This is not the house we want.

0:56.1

So we canceled.

0:57.5

We never paid the earnest money.

0:59.0

And now the seller's mad.

1:00.1

And they want not only the $3,000 of the earnest money, but they're asking for $5,000.

1:05.1

And they're threatening to the legal counsel, I guess, if we don't pay.

1:10.0

And we just don't know what to do.

1:11.3

So you signed the offer saying that you would, and the offer said that you would pay

1:18.4

their earnest money within seven days? Yeah. Yeah. What does the contract say about getting out of this?

...

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