Legal Question in Consumer Law in California

Real Estate Deposit

I gave a check to a builder in the amount of $2,500.00 on May 17,2003 as a deposit on a lot to build a home. The builder said the deposit was refundable in full if the agreement was cancelled, but the refund would be paid 30 days after notification of cancellation. Issued check late Friday. Looked at lot and found lot to be about two blocks from a RR track. Called Monday and notified I wanted to cancel and salesman said I must wait 30 days for refund. I asked if check had been deposited. He said yes. I called the bank and check had not been presented. I stopped payment. Am I in trouble?

1 Answer from Attorneys

Related Questions & Answers

More Consumer Law questions and answers in California

Looking for something else?