Legal Question in Real Estate Law in Illinois

real estate buyer atty sent a contract termination letter 7 business days before contract end. I fell I should get earnest money.


Asked on 8/21/11, 8:07 pm

2 Answers from Attorneys
Stephen Messutta

Someone will have to review the contract, what happened, and the letter. If you are the buyer and you did NOT default you should get your earnest money back. If you are in default, your earnest money could be in jeopardy.

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Answered on 8/21/11, 8:11 pm
Thomas Moens Moens Law Offices, Chartered

More information is needed. You do not say if you are the buyer or seller, you do not say why the termination letter was sent, and the terms of the purchase agreement would need to be reviewed.

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Answered on 8/22/11, 9:06 am


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