I'm trying to buy a bank repo in California. I made an offer($190,000) and gave a deposit check to my agent for $1,900. I'm using FHA(100% financing). The seller(bank) countered me for a Earnest Money Deposit of $6,000. If my loan fall's through or the inspections don't pass, can I lose my deposit?

Depends what the contract states read through it, typically the banks make you sign very one sided (To the bank's benifit) contracts and use strong addendums and language on their REO's

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-Michael Oliver

Michael Oliver is a Tucson real estate agent serving clients in the Tucson, Oro Valley, Catalina, Marana, Sahuarita, and Casa Grande areas. Please feel free to search for homes in Tucson and read current updates on the Tucson Real Estate Blog.

We used standard residential purchase agreement that is used in California (C.A.R. form RPA-CA).

This would be a great question for your agent.

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Bellingham Real Estate
Bellingham Condos
Bellingham MLS

Mark - Most contracts with bank are fairly loose, but listen to Eric...

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Ryan A. Martin - Windermere Real Estate / Whatcom Inc.

Your Bellingham real estate professional specializing in the listing and sales of Bellingham condos. Also check out my Anacortes real estate website for information about Fidalgo Island and Anacortes, WA