The buyer financing fell through, now what?! So you accepted an offer, but the buyer loses their ability to close escrow because a foreclosure shows up in their history, they just bought something on their credit while in escrow, or any number of reasons...what do you do? As a seller, you are limited in your options, but most of them point to you putting the property back on the market and either keeping the earnest money or allowing the buyer to have it back, depending on if they have a contingency for lending in place or not. So, what happens if financing falls through on a house? You still own the house, so you'll sell it again. If the mortgage fell through on closing day, you have a couple of options. You can either allow the buyer to extend escrow to find another lender or you can get out of escrow and keep their earnest money, as long as they either never had a contingency or they signed their contingency away. It sucks royally when the buyers financing falls through, but remember you can sell the property to someone else who is more likely to make it through the process, and likely for the same amount of money (sometimes more).

0:00 Intro
0:13 Buyer can't get financing straight
0:27 What if the buyer has a contingency?
0:47 What happens in trying to put your house back on the market
1:12 Can the realtor share that the buyer backed out due to financing
1:39 Do I have to drop my price if a buyer backed out
1:54 What happens if the buyer no longer has a contingency for financing
2:43 Why would a buyer not be able to get lending?