The only person who can answer this question would be your Attorney. There are many factors involved that make each transaction unique, not the least of which is the contract of sale and its specific terms. That having been said, in direct response to your question: there is no "set" time for requesting your down payment to be returned.
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker â€“ NYS Dept. of Financial Services
*If you thought my answer was helpful, please give me a â€œThumbs Upâ€ or â€œBest Answer.â€ Thanks!
You can ask anytime you want but it doesn't mean they will just give it back to you. You need to discuss this with your attorney right away and find out what your rights are based on the verbiage in the contract of sale that you signed. We cannot give you an answer because all contracts are worded differently and usually address these sort of things. Speak to your lawyer.
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783