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Can the buyer keep any “extra” gifted money that is not used towards the purchase of the home?

April 26, 2017buyer gifted Home money purchase Used

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Can the buyer keep any “extra” gifted money that is not used towards the purchase of the home?

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Homebuyers agree to return any gift funds not used toward the down payment or allowable closing costs. The entire gift must be returned if the home purchase does not close.