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Buyer Didnt get approved 20 hours before closing due to owing money to IRS

I put my house for sale and got this offer for 500k with no inspection but wanted to give notice to 1st floor before closing with conversional loan . Great I accepted

Buyer put 25k as deposit everything great My tenant from 1st floor left . Also my tenant From 3rd floor left to . Everything great he did the final walkthrough everything good the day before closing my realtor called me saying the bank don’t wanna give the buyer the loan because he need to pay 77k on IRS . Now we can’t close .

Do I have the right to keep the 25k that he put as deposit or no

submitted by /u/doze233
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/14fr0wt/buyer_didnt_get_approved_20_hours_before_closing/
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