Legal Question in Real Estate Law in Virginia

Getting Earnest Money Back
I am trying to figure out how I can get my earnest money back as I will probably have to back out of this contract since I won't be able to get a loan approved from lender.

I signed the contract when I was making an offer originally and it looks like my realtor had received a counter offer from the seller then put my initial on the part where financial contingency is described. I asked my realtor about the earnest money before and he told me that I will get my money back 100% if I couldn't get a loan. I was told that my lender will not get me a loan to purchase and Now realtor is telling me that I won't be able to get it back cuz we already have passed a deadline.

Is there any way that I can recover my money through my realtor? He is the one who initial the financial contingency w/o my consents. Isn't that illegal?

Asked on 11/10/08, 11:35 am

Michael Hendrickson Law Office Michael E. Hendrickson

0 users found helpful

0 attorneys agreed

Re: Getting Earnest Money Back

What deadline and why would this realtor be affixing your initials to the contigency provision in the sale contract without your consent?

Better arrange to see a lawyer about this situation (and bring the relevant papers with you

to the consultation).

Answered on 11/10/08, 6:40 pm

Keywords

Match Any Match All

Country

State

Area of Law