Legal Question in Real Estate Law in Indiana

We are suppose to close on our home on or before July 31, 2012, She put down $2,500. We were suppose to closed June 27, 2012. But on our contract it does say on or before 31, 2012. What happens if she won't close then , but askes for more time and we say no. What happens to the $2,500. do we get to keep it or does she get it back?


Asked on 7/05/12, 10:53 am

1 Answer from Attorneys
Kenneth Wilk Rubino Ruman Crosmer & Polen

It all depends upon the terms and conditions of the purchase agreement which the parties signed. Everything should be spelled out in there.

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Answered on 7/05/12, 7:31 pm


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