Asked by joehawk9620, Casa Grande, AZ • Thu Oct 4, 2012
I selected a lot for a house to be built on with Shea Homes development in Buckeye, AZ. I paid $500.00 in earnest money. I was eventually denied. I did not find this out right away. When I questioned Shea why I had not heard from them, I was referred to a finance company. I did not get my earnest $500.00 back from Shea. Now, with this finance company I selected another house already built and being sold by the owner. I paid $1,000.00 earnest money to the title company for this house. The finance company took so long in their process that the seller pulled out of the agreement and demanded my earnest money from the title company and the title company gave the seller my earnest money.
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