Asked by Zinser83, Bronx, NY • Sat Jan 17, 2009
I was buying a co-op in the Bronx and it took along time to get approved by the coop board. During this period we got a denial letter stating the loan commintment letter or loan was withdrawn due to lack of documentation needed by the underwriter. Insurance proof from the coop. We couldnt submit this becasue we hadn't been approved and it wasn't our fault. My contract says that we get our money back if denied. We have demanded our 7400 deposit back. Now the seller won't return the deposit money even though we were denied because of the slow aproval to process the loan by underwriter. And now the in has been two weeks and the lawyer is taking his time.
If I start a lawsuit how long will this process take to get back the deposit in a judgement?
Can anyone suggest a good lawyer to fight for my deposit if they dont return it?
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