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further confusion Thank you for your reply. Right now we are dealing with the realtor who is a dual agent, he was very understanding so far. The reason we are confused is that the paperwork just doesn't address down payments. According to the "default" section in the paperwork, "in the event...

My husband and I entered into an agreement to purchase bare land in 6 months ago. We agreed to pay a small amount as earnest money and then monthly payments for 7 months as a down payment. After the seven months we would close and the seller would carry the rest of the contract. We have had some...