Purchase agreement cancellation, Deposit retrieval

[alexb18c1]

What is the name of your state? California
I have a situation where I had to cancel the purchase of a home due to a wrong quote, they quoted me with a price firts unfortunatly I singed the papers then realize the payment was higher than what I was told. I call the loan officer and she tried to fixed the problem but payment was even higher than before. Then to make matter worste my realstate agent quoted me wrong with the profit I was getting from selling my condominium. It was three days from close of escrow, I cancel and now the sellers do not want to release my deposit. I believe they have sold their house but they wanted my money because supposely there was damages. How can I get my deposit back? at this time is frozen on the escrow company.

[efflandt]

You (and your attorney if you have one) need to read the papers and get any corrections done "before" you sign them. Otherwise you are subject to what you signed. What do those papers say happens if you back out of the deal?

You also need to settle down and proof read before posting, so it doesn't sound like you burned ("singed") the papers that you need to tell what you are liable for.

[MGNiko]

If you backed out of your deal and didn't have (for example) "subject to financing" written in your additional terms & conditions then you're pretty much SOL. You can try mediation if your state has it (contact the Board of Realtors near you) however as one who is on many boards, if you got close to closing, payment was higher than you wanted, and so you back out....I'm sorry, money goes to the seller.