Legal Question in Real Estate Law in Ohio

contract to buy house

If someone signed a contract to buy a house, paid a deposit & agreed to have a intent to buy sent ( and didn't ), then agreed to have to balance by a certain date ( and didn't), also knowing his deposit is lost if he did not have the balance in those 30 days, does he still have the right to have the deposit back? And can he sue to get the deposit back? And can he place a lein on the property to get the deposit back? Agreement written was signer and notarized.


Asked on 5/26/07, 7:53 am

1 Answer from Attorneys
Robert Rosplock Rosplock & Perez

Re: contract to buy house

Your contract should provide for disposition of the deposit upon breach. If there were no contingencies not fulfilled and the Seller is not in default, the deposit is normally not returned, at least until after resale at an acceptable price.

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Answered on 5/29/07, 8:32 am


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