The Asset Forfeiture Unit handles all cases dealing with seizure of proceeds from drug sales. This can include cars, money, jewelry and homes.Generally, if you are acting in good faith and have contingencies still in place, your earnest money is refundable. A forfeiture clause stipulates that should the buyer in a transaction fail to pay their monthly payment, the seller can reclaim the land that was sold. There are certain clauses in the typical real estate purchase agreement that allow a buyer to back out with no consequences. Liquidated damages are a sum determined when a contracts is made that both parties agree will be paid if a breach of contract occurs. California Tenants – A Guide to Residential Tenants' and Landlords' Rights and. INTRODUCTION: This Advisory is intended to be used in connection with the purchase and sale of real property located within San Mateo or Santa. This clause specifies that if a buyer defaults, the seller is entitled to retain the deposit paid as liquidated damages.