Can I withdraw my offer witout trouble

[yifan]

What is the name of your state (only U.S. law)? California

My offer was accepted by the seller. 5 days latter, I found I have a serious health problem. And my earnest money has been cashed out by escrow company. I just want to cancel the agreement. What if the seller doesn't agree? Can I get my earnest money back?

Thanks a lot!

[Stevef]

Originally Posted by yifan

What is the name of your state (only U.S. law)? California

My offer was accepted by the seller. 5 days latter, I found I have a serious health problem. And my earnest money has been cashed out by escrow company. I just want to cancel the agreement. What if the seller doesn't agree? Can I get my earnest money back?

Thanks a lot!

It all depends on what was written in the offer. The ones I've seen allow cancellation due to inspections or mortgages.

If you have a mortgage contingency and your health issue will prevent you from getting a mortgage, you can probably cancel it based on that.

[HomeGuru]

Originally Posted by yifan

What is the name of your state (only U.S. law)? California

My offer was accepted by the seller. 5 days latter, I found I have a serious health problem. And my earnest money has been cashed out by escrow company. I just want to cancel the agreement. What if the seller doesn't agree? Can I get my earnest money back?

Thanks a lot!

**A: red your contract. Chances are you may be in default and subject to penalties.