If a seller releases a buyer from a contract to purchase, does the seller get to keep the buyer's earnest money?

Question Details: I have a contract to buy a house, to close within 60 days. Today is day 46. The seller has been anxious from about day 14 and has been 'bugging' me to close. Now she says she doesn't want to sell to me and wants to sign a release and keep my earnest money. My response is that I have 14 more days to go. I have to sell my house first. I have a contract to sell but it will take more than 14 days. My house should close 9 days after the 60 day period. I could conceivably give her a release but not at the cost of my earnest money. Not a fun situation.

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