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[Music] hi my name is keith barrett founder and president of vesta settlements and we are continuing our stroll through the virginia residential real estate contract just a topical overview we are looking in this video at the void provision so void in a contract means that the contract is of no further force and effect and there is no fault by either party sometimes contracts can self-void by actions of the party sometimes contracts can be mutually agreed to be voided i think the important thing and what i see in the market is having misunderstanding misunderstandings and confusion between void and default now we did cover default in a prior video if you havent watched that please go back and take a look default means one of the parties did something wrong essentially one of the parties defaulted void again is no one did anything wrong and where a contract becomes void and of no further force in effect it also goes on to say that the buyers earnest money deposit will be returned to t
