Asked by Frustratedbuyer, 90638 • Thu Apr 29, 2010
Its a standard 17 day loan contingency but I coudn't get a loan for some reason. Loan contingency was never removed. Seller don't want to waive the per diem charges. So I decided not to go with transaction. My realtor submitted Cancellation paperwork on last day with my signatures to escrow and seller's realtor.
My realtor is saying that the seller can still fight for the deposit and we may end up going to small claims court to get he desposit back. Is that true? I thought If we submit the cancellation paperwork before loan contingency expiration, then I will get my deposit back without any question. Why would seller give me hard time to claim my own money?
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