[Topspinmo]

Originally Posted by bagboy

I just read your original post again. If you hired a professional home inspector per your real estate purchase agreement, and he/she found water damage (that you already said you want no part of), and has documented that in his/her written report, this transaction is done. Absolutely no way you should proceed with the purchase.
In my opinion, you should in writing notify the broker holding your deposit in their escrow account along with a copy of the inspection report, that you are NOT proceeding with the sale, and you want your good faith deposit returned with x number if days. When that time frame expires, if you have not received your funds back, seek out and consult with an independent attorney specializing in real estate law.
This should be a cut and dried situation detailed in your purchase agreement. IMO, the broker and agent(s) know this. Good luck to you and husband, and keep in mind there will be other properties for sale in the future.

That check shouldn’t be cashed till closing day IMO. Otherwise IMO it’s stealing.