Ernest money is usually non refundable. If you back out of the sale, you lose it. if you continue with the purchase, its deducted from the total price.

Like what happy gilmore said, be sure that the person you are dealing with has SPA- special power of attorney, otherwise your deal can fall through and you may end up losing.

Hopefully other tsikoteers can answer your queries in more depth. Goodluck with the purchase

paging vanwilder

a little off topic: totoo bang condominium units usually revert back to the developer after XX number of years? I read here before na thats how ayala operates. If so, how about townhouses?