<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by jaj3547:
We signed a sales agreement to buy a house on 4-21-00. After 3 months, many addendums, and countless emails; we decided to walk away. (Our sales agreement stated that our mortgage rate would not exceed 8%, the best our broker got us, was 9.25%). Now the seller will not sign the release and wants the hand money. Plus she has the home back on the market. Is this legal? Any help would be appreciated. <HR></BLOCKQUOTE>
Since the financing contingency was not met, you were entitled to cancel the transaction. The Seller is at default for not signing the release and returning your deposit money (if it was refundable pursuant to the contract). Contact your Realtor or real estate attorney to send a demand letter to the Seller to release the funds.
