Legal Question in Real Estate Law in Florida

Loan denial refund of deposit

I gave a developer a $5k deposit and proceeded to get loan approval. I got pre-approved with conditions and then denied the loan within 45 days from signing contract. The contract states that if I get denied the loan, I am entitled to full refund. They do not want to refund my deposit stating that it was not done within 30 days. I didn't get the denial letter until 40 days. Do I have a case to get my deposit back based on the fact that I had to wait to get the denial letter from the lender?


Asked on 11/21/06, 6:53 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Loan denial refund of deposit

yes. You may sue in small claims court.

Good luck.

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Answered on 11/22/06, 7:17 am


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