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Seller wants to keep EMD after underappraised

We were under contract for a house. The appraisal didn’t finish until closing day. It took over 30 days for them to complete the appraisal. It came in $20k short.

We want to buy the house but need my mother in law to wire us money as a gift for the difference which the broker said is fine since they already sourced her accounts. She’s in a different country so the wires take a day or so.

Seller now wants to back out and keep the EMD even though we are okay with paying the gap, and we told them, and we want to buy the house, just a few days later.

What recourse do we have?

submitted by /u/throwRA_southparking
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/o96ln4/seller_wants_to_keep_emd_after_underappraised/
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