Legal Question in Real Estate Law in Virginia
My husband and I bought a house; as part of the transaction, we let the seller rent-back for 2 weeks - with a security deposit in escrow. Upon moving in we discovered damage. We just discovered that apparently the seller gets to decide whether to release the funds from escrow. is this true? it doesn't seem right!
Asked on 8/21/09, 5:28 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Merely because the seller will apparently get his security deposit returned with the rest of the escrowed proceeds from the sale of the property does not mean you are without a remedy, i.e.,
you can still sue the seller for whatever damages he may have caused to your house during his two week tenancy. (A terrible idea that you never should've entertained for even one second.)
Answered on 8/26/09, 7:40 pm
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