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09-19-2006, 05:08 PM #1
Renter
- Join Date
- Sep 2006
- Posts
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No initial deposit
After documents signed by both seller and buyer, the deposit was late getting to escrow agent and the was only half what it was supposed to be , now after 120 days they want extension, seller is tired of being jerked around and wants out by default by the buyer not paying correct deposit amount and also being late. Do they have a case?
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09-19-2006, 07:36 PM #2
Internet Marketing Tutor
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- Jan 2005
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- San Diego, California
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Default by the buyer
From the information you have provided, it seems as though there are grounds to terminate the contract and keep the remainder of the deposit.
Having said that, I am not sure what the regulations are in your state. I would contact the broker of the office and have their attorney advise you on the proper course of action.Offering Real Estate Web Design and Real Estate Marketing Services. We also offer a Real Estate Directory, and Single Property Websites. View my Internet Marketing Resume.
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