[QUOTE=joelfmi;2072905]
Quote:
Originally Posted by Toymeister
As a seller who had a deal go sideways I would not take a deposit of more than 7,000.
It's not because I am generous or a fool. It's because the distribution of a deposit, (typically held by a title company), if in dispute can be decided in small claims/QUOTE ] look on the
Talk of the villages Webb and you would be amassed at what you will find about location negativity and other quality of life issues..
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Well, since this is directed at me, so far, in this thread, I am the only one with actual actionable information on recovering a good faith deposit. Indeed, I recovered my deposit here, in TV.
I certainly hope that is useful.
Heck, even the guy who states he was a realtor and knows all about contract law and stated 'return the deposit" on a sideways deal, is so bizarrely wrong.
I'll take my four decades as a Contracting Officer against a realtors one day overview on contract law any day. A buyer who 'backs out' of a deal is repudiating the contract; the deposit is certainly recoverable by the seller. Provided there was no conditional offer i.e. I will buy your home if XXX.