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Earnest Money?

Location Arizona
I’m selling a house as-is for my father who has been diagnosed with dementia. The house is in some disrepair and I’m not local. I was clear with the realtor I wanted as-is, and have no interest in making repairs. We received a number of cash offers and one who needed financing. As the financing offer was significantly higher (and even over asking!) I accepted.
-seller opted for a home inspection and there were some plumbing issues noted. Asked to have me repair, I told the realtor no, and the buyers decided to proceed with sale.
-their lender then came out to appraise and noted some mold in one area. They are unable to secure financing without remediation. They have asked me to pay for it and then have more testing.

As this involves probate court, it’s pending a hearing with a judge to even go to closing. While this is procedural and I have no reason to believe the judge will object to the sale I am unwilling to do work on the house before the hearing. I truly don’t want to do any work on the house, but don’t wish to cut my nose off to spite my face. I let the sellers know they could get quotes and after the hearing remediate and I would consider applying a credit at closing for the work. They now want to cancel the contract. I’m unsure what other options we have but curious who keeps earnest money?

submitted by /u/Galloping-Golfer
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1tlaa0d/earnest_money/
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