Quote:
Originally Posted by TwinTurboViper
Recently purchased home "From The Villages" and after inspection found MAJOR problems with inspection. After inspection period of 10 days I cancelled my contract on the 9th day of the 10 day cancellation period.
I was told by my Realtor I would get my refund and now going on 3 weeks and having my Realtor tell me over and over "It has to take a few days" to which I think 3 weeks should have been long enough.
Just wondering if anyone else has had this problem and what time limit (if any) is appropriate and who you suggest I contact in order to receive this.
Appreciate your help and look forward to your advice
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"When buying a house, you typically lose your deposit (also called "earnest money") if you back out of the deal without a valid reason outlined in the contract, such as failing to meet contingencies like getting financing approval, passing inspection, or if you simply change your mind after signing the purchase agreement; in these situations, the seller can usually keep your deposit."