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Guaranteed Deposits
Same or better position a cash deposit
In the event the Buyer does not close the purchase of the property, and is in default, Home Deposits Now takes instruction from the Deposit Holder, usually the Listing Broker or the Seller's Lawyer, and subject to the terms and conditions of the Bond, ( Clause 8 and 9) Home Deposits Now will pay the Deposit Holder the determined deposit within 3 business days.