Legal Question in Real Estate Law in Pennsylvania

getting a deposit back

I tried to buy a house and the loan fell through and the sellers of the house are mad and want to keep out deposit. They have taken all the paper work to an attorney to see if there is some kind of loop hole to keep our deposit. They are in the process of selling there house to some other buyers and it is going to close on halloween. If they havent signed the paper work releasing us from the sale of the house than how can they sell it to someone else. They are taking there time with this paper work and there decision to give us back our deposit. It has been about 6months since the loan fell though. Can I hold up the sale of this house or do I have to just sit and wait for them to make a decision to take us to mediation or court?


Asked on 10/24/03, 2:34 pm

1 Answer from Attorneys

Re: getting a deposit back

You have to look at your contract. If I were them, I wouldn't return your money either, unless required to. You may be able to get your money back in any event if they can sell the house for the same amount. Keep in mind that the 6 month delay may have "cost' them somehting, in which case, you probably won't get your money back unless your contrat entitles you to the money back.

Good luck,

Kevin J. Begley

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Answered on 10/25/03, 4:43 pm


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