It does not matter if the seller files bk. They should not get any $ from the transaction period! With the exception of relocation assistance programs the Shortsale lenders offer.
Btw, where is your agent? He or she should help you with this. If I were your agent, I will do everything I can to protect you and get you your dream home.
Let me know how else I can help.
In this instance, you should be able to get your deposit back. I would talk to your agent to make sure that the contract supports this. How did he cancel this? Any cancellation instructions should address the return of funds to you.
Real Estate Broker/ RealtorÂ®
McAllister Homes Real Estate
Residential Sales & Property Management
Premia Realty Group, Inc.