To get your money back, the seller is going to have to sign a "Release and Cancellation of contract for Sale and Purchase" so that all parties agree to give you back the money. Seller may have rights to that money, depending on the facts.
Your Real Estate agent should explain this to you and give you advise, or you can go to a lawyer.
Holder of escrow will not release money until seller agrees.
If you were putting this deposit down as earnest money " Good Faith" towards the purchase of the home, then the deposit should be returned, because you cancelled the contract prior to acceptance.
If the contract was accepted then there would be different levels at which point the money would be returned or the seller could keep the deposit.
If you were putting the money down on a rental as a hold, and withdrew after being accepted.
Which seems awfully fast. The money would not be returned. I'm sure that there is more to the story and this is just a basic answer. Your agent should be able to give you exactly the reason why your funds are being held and not being returned.
Or simply, it takes a signed document by all parties to release the funds. Hope this helps. Good Luck.
If you put the money on an offer that had been accepted and signed by the seller, which means you had a contract, then escrow cannot be returned until the seller sign a release (saying its ok for you to break the contract). Was this answer helpful? If so please click on the "green thumbs up" or the "best answer".
La Rosa Realty
That is called a Good Faith Deposit, money you put up to promise to close or you forfeit it. The seller likley took the property off the market and may have lost out on other potential buyers holding the property for you.
Depending on the situation and how far along you are and how the contract is written, you may not get it back if the seller feels you did not fullfill your contractual obligations.