Legal Question in Real Estate Law in Pennsylvania

Re: Realtor Won't Return Deposit

No problem. I'll write the request and follow up at a reasonable fee. I'll need the contract to proceed.

Mike

Re: Realtor Won't Return Deposit

Check the Agreement of Sale. Usually, mortgage contingencies have a deadline by which the mortgage company has to issue a "commitment" [to lend], and if the commitment is not received by that date, the buyer has to notify the seller that the buyer is canceling because of that. Failure to give that notice could result in losing the right to the refund.

Carefully read the Agreement, and also read it for "default" - if the default by buyer is not limited to loss of the deposit, your folks may have additional liability.

This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.

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