Legal Question in Real Estate Law in California

New construction deposit

The home I'm about to buy is being

built, about 50% complete. I was

told that if I don't get approved then

I would get my deposit back. I was

also told that I'll get a view but I

don't think we'll get much of a view

at all due to the fact that homes are

being built in front of us in the same

community. I left a $10,000 deposit

before construction and about 50%

deposit for upgrades, which is

roughly another $4000. A total of

about $14000. I signed the contract

without any contingencies. It's in

escrow until Oct. 2008, the time the

house is expected to finish. Now I

want to back out and get my deposit

back, what should I do?


Asked on 8/13/08, 5:46 am

1 Answer from Attorneys
Robert Mccoy Law Office Of Robert McCoy

Re: New construction deposit

You should have an attorney review your documentation to determine what your best course of action is.

Read more
Answered on 8/13/08, 5:05 pm


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