Question off topic
A good family friend signed a contract for sale of a home (without consulting me or an attorney). Deposited $5k on contract for sale. Loan not approved within a specified time in contract. Loan company continued to obtain approval. Seller does not want to sell now and wants to keep $5k deposit.
Since I only do consumer and tenant rights I want to know if this is proper and how to go about getting back her deposit money.
Is seller entitled to any money?
Leonard P. Cabral, Esq.
Leonardcabral@lenslaw.com
212 N. Park Ave. Ste. 14
Sanford, FL 32771
It depends on what the contract says. Was there a finance contingency
selected in the contract?
Dennis A. Chen, Esq.
Chen Law Firm, PA
13360 W. Colonial Dr, Ste. 470
Winter Garden, Florida 34787
Tel: (407) 392-1872
Fax: 1-866-571-3421
dennis@chenlaw.net
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On Mon, Feb 9, 2015 at 1:07 PM, Leonard Cabral leonardcabral@lenslaw.com
wrote:
Question off topic
A good family friend signed a contract for sale of a home (without
consulting me or an attorney). Deposited $5k on contract for sale. Loan not
approved within a specified time in contract. Loan company continued to
obtain approval. Seller does not want to sell now and wants to keep $5k
deposit.
Since I only do consumer and tenant rights I want to know if this is
proper and how to go about getting back her deposit money.
Is seller entitled to any money?
Leonard P. Cabral, Esq.
212 N. Park Ave. Ste. 14
Sanford, FL 32771
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