Legal Question in Real Estate Law in Rhode Island

Withholding Good Faith Deposit

My mortgage was declined because my employer recinded my relocation. I fulfilled all of the terms of the Sales agreement within the specified timeframes and the contract should have been cancelled. However, my lawyer says the Seller is trying to ''extort'' money from my good faith deposit and won't release my funds. Can I go to the police since it technically does sound like extortion?


Asked on 10/25/08, 11:26 pm

1 Answer from Attorneys
Michael Berman Law Offices of Michael A. Berman

Re: Withholding Good Faith Deposit

No. This is a civil matter. Your "lawyer" should immediately begin the process of getting your deposit refunded, if available, as per the contract. If your lawyer is not doing the job, get in touch.

Mike Berman

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Answered on 10/28/08, 1:58 pm


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