Earnest money deposit release

[HomeBuyer49]

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

I made a $1000 deposit on a home contingent on the property passing inspection. The home had some issues, so I immediately withdrew my offer. Two weeks later I'm still waiting for release of my deposit. The offer stated:

"Buyer within the time period specified for each inspection contingency, shall have the unconditional right to terminate the contract for no stated reason, based upon buyer’s general dissatisfaction with the inspection results. If Buyer elects to terminate the contract, the Contract shall become null and void, and all Deposits shall be disbursed in accordance with the deposits paragraph of the contract."

My agent says “they’re working things out” in getting a release of my funds (it was a bank owned property).

What’s to work out? I signed the release document. Why is there a holdup?

[HomeGuru]

Originally Posted by HomeBuyer49

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

I made a $1000 deposit on a home contingent on the property passing inspection. The home had some issues, so I immediately withdrew my offer. Two weeks later I'm still waiting for release of my deposit. The offer stated:

"Buyer within the time period specified for each inspection contingency, shall have the unconditional right to terminate the contract for no stated reason, based upon buyer’s general dissatisfaction with the inspection results. If Buyer elects to terminate the contract, the Contract shall become null and void, and all Deposits shall be disbursed in accordance with the deposits paragraph of the contract."

My agent says “they’re working things out” in getting a release of my funds (it was a bank owned property).

What’s to work out? I signed the release document. Why is there a holdup?

**A: what is exactly stated in the deposit section of the contract?