Contracts
A West Virginia buyer makes an offer with a $3,000 earnest money deposit. The seller accepts. Before closing, the seller defaults. The buyer is entitled to:
AOnly return of the earnest money
BReturn of earnest money and may seek additional damages or specific performance✓ Correct
CEarnest money plus one month's rent equivalent
DOnly the cost of inspection fees incurred
Explanation
When a seller defaults, the buyer may seek return of earnest money and pursue additional remedies including actual damages or specific performance (court order compelling the seller to perform). The buyer is not limited to only recovering the earnest money.
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