How do I get my funds I paid to escrow on a home I did not close on?
Full Question:
I was in the process of buying a house. I paid a small amount which should have gone in escrow. We never closed on the house. The company will not give me my $1800 until they sell the house. What recourse do I have?
05/13/2007 |
Category: Debts and Credit |
State: North Carolina |
#4593
Answer:
This depends on the terms of the contact and other law provisions regarding earnest money. It is not common for the funds to not be returned to you unless there was some kind of contract breach and right for them to retain the funds based on the breach.
