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Home Selling in Medford : Real Estate Advice

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Activity 3
Thu Mar 10, 2016
Travis answered:
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Sat Sep 12, 2009
Robbie Vaughn answered:
This is a good one. Arlene, you must consult with your attorney to get a direct answer to your question. A lot depends on the terms stated in your contract.

Generally,
If contract states that you are entitled to funds + purchaser agrees= funds may be released to you.

If contract states that you are entitled to funds + purchaser disagrees= funds may not be released to you.

An attorney is not able to release funds held in escrow, to either party, if there is a dispute over entitlement to said funds. The funds are placed with the court and the parties engage in litigation or reach a settlement.

There are other alternatives and considerations which are beyond the scope of this Q & A forum. Hope this helps a little. All the best.

Now, my Disclaimer:
I am a real estate broker, but I am not your real estate broker. I am an attorney, but I am not your attorney. Therefore, I do not owe you a fiduciary duty, and no attorney-client relationship has been formed. This is not legal advice. You should verify any and all information provided to you.
... more
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