Legal Question in Real Estate Law in Georgia
I recently put a house under contract and was approved for financing within the due diligence period. However, the underwriter denied my loan 2 weeks prior to the closing date. My agent submitted a contract termination letter and the seller representative signed off agreeing to return my earnest money in full. Now, the seller's representative is requesting that I pay $240.00 for the rekeying of the Fannie Mae home; they stated their request falls under the "liquidated damage" clause. I am refusing to pay and requested for an itemized bill of the charges. The seller agreed to pay all closing cost. What are my rights?
2 Answers from Attorneys
Your "rights" are in your contract.
Your rights (and duties) are in the contract, which you have read and we haven't. Without reading the contract, no one can answer you.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
