If the seller backs out while in escrow do you get your deposit money back?

Peach
Home Buyer
Visalia, CA

Answers (1)
Brian Yoak
Agent
Philadelphia, PA
FIRST ANSWER

Absolutely you should get you rmoney back if the seller backed out. The deposit you put down is your commitment and if you back out for reason the seller does not agree with they can keep it. You both will need to sign a release so that the money is given back to you though. If they refuse to sign it the money stays in escrow and then you will have to get your lawyer involved.

Thu Jun 11 2009, 15:32

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