Legal Question in Real Estate Law in Massachusetts

i own a home in haverhill mssachusetts due to a poor economy we decided to put the home on the market in may of 2010 we had a rapid response and the woman put a 5000.00 deposit we went back and forth until oct 8 2010 and in the last hour she bailed it is now dec 28 and have not heard about the deposit i might add we are selling on a short sale and there is another interested party waiting to be approved my question are we entitled to the first deposit another thing we no longer live in the home and are not paying a mortgage but are paying all other bills required thank you for a rapid response


Asked on 12/29/10, 5:38 am

1 Answer from Attorneys
Christopher Vaughn-Martel Charles River Law Partners, LLC

I strongly recommend that you use an attorney when selling or purchasing real estate. I would have to review your Purchase and Sale Agreement to determine who is legally entitled to retain the deposit. I suspect that you are, but you may need to take some further legal action to have the deposits released. Please feel free to contact my office if you would like to discuss this further.

Read more
Answered on 1/03/11, 6:15 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Massachusetts