Talk of The Villages Florida - View Single Post - $7500 Deposit...Will The Villages REALLY Keep It If...
View Single Post
 
Old 03-26-2013, 09:01 AM
Mack184 Mack184 is offline
Veteran member
Join Date: Sep 2012
Posts: 621
Thanks: 0
Thanked 1 Time in 1 Post
Default

Generally when you buy a home you put down a deposit. Since we both sold & bought a home recently I looked at our contracts. They do indicate that if the buyer backs out for ANY reason (other than previously agreed to conditions) they lose their deposit as mitigated damages.

Without seeing your contract, I am guessing that your contract reads more or less the same.

I think it would be best if you got your attorney involved in this process so that you have another voice working on your side.
__________________
"I did not get into rock-n-roll just to pick up chicks. However..I was able to adapt". Ted Nugent