Home Buying in 08854>Question Details

Prakash, Home Buyer in South Ozone Park, NY

SIGNED CONTRACT ON HOUSE, HOUSE HAVE MANY VIOLATIONS, DID NOT GET HOUSE BUT SELLERS LAWYER STILL HOLDING MY MONER, NEED TO KNOW HOW TO GET MY MONEY

Asked by Prakash, South Ozone Park, NY Wed Dec 19, 2012

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8
Unfortunately you need to contact a real estate attorney they really won't charge much and will probably take their cut from your deposit. I do hope you have a professional on your side the next time you sign an agreement.

Have a great day;

Christina Solorzano;
CEO & SR Credit & Mortgage Consultant of
Everlasting Credit Repair
Retired Mortgage Banker
http://www.everlastingcredit.com
0 votes Thank Flag Link Sat May 18, 2013
You should consult with your attorney as soon as possible and let them know that you do not wish to proceed with the purchase of the home
0 votes Thank Flag Link Sun Dec 23, 2012
In NJ you need a letter signed by both attorneys to release all deposit money when the deal falls thru. Check with your attorney for the legality of the contract
0 votes Thank Flag Link Thu Dec 20, 2012
The Devil is ALWAYS in the details? Is your attorney or sellers attorney holding deposit monies? What were the violations---When were they reported---What does your contract state regarding deposit money and inspect violations. Feel free to call me with specifics. (732) 266-7311
0 votes Thank Flag Link Wed Dec 19, 2012
Did you use an attorney and excercise your right to the reveiw period? Standard real estate contracts usually do have a few clauses as it relates to inspections and/or seller violations which may hinder the sellers ability to provide clear title. If you and your attorney have reveiwed and acted within the prescribed timeframes provided by the contract, the sellers attorney should refund your deposit money. However, you should definately consult with an attorney if you have not already done so. If you are in need of a good REAL ESTATE attorney in the Middlesex County area, please feel free to contact me.

Mia B. Austin
REALTOR@ - Sales Associate
Weidel Realtors
672 Route 202/206 North, Bldg. 3
Bridgewater, NJ 08807
Direct: (732) 552-6001
Fax: (888) 819-3995
Email: mailto:miaaustin@weidel.com
Online: http://www.homesbymiaaustin.com/
0 votes Thank Flag Link Wed Dec 19, 2012
Prakash,
Sorry to hear that. A release of escrow will need to be signed by all parties. Buyer and Seller need to be in agreement that the transaction has been declared null and void. There are honestly so many variables here. I would need to know many more details.
For Example, were all your inspections finished by the proper deadline? Did you report any necessary repairs to the seller by the proper deadline? Did the seller respond by the proper deadline? Is "Time is of the Essence" a part of your agreement of sale?
Like I said, many variables. Your best bet, may be to consult with an attorney yourself to go over the legalities.
Best of luck. Feel free to call if you want to discuss further.
Steve
856 905 2966
0 votes Thank Flag Link Wed Dec 19, 2012
Talk to your (buyer's) attorney. He/she will advise you
0 votes Thank Flag Link Wed Dec 19, 2012
Since you have a lawyer involved I suggest you get one too and have them figure this out.
0 votes Thank Flag Link Wed Dec 19, 2012
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