My mother-in-law was in escrow to sell her Southern California home. The buyer offered $10,000 good-faith deposit when writing the offer in such a hot market. This is stated on the purchase agreement, initialed by the buyer. My mother-in-law has been signing docs long-distance as she has moved and has trusted her agent to process all doc/money accordingly.
It's been 30 days and the buyer has failed to complete any inspections and now is no longer interested in buying her house. My mother-in-law's agent now says they never collected the $10,000 good-faith deposit check. Is anyone liable for this negligence?
Jill
It's been 30 days and the buyer has failed to complete any inspections and now is no longer interested in buying her house. My mother-in-law's agent now says they never collected the $10,000 good-faith deposit check. Is anyone liable for this negligence?
Jill
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