D
dobro1
Guest
Buyer gave $500 deposit when signing offer to buy my townhouse. On the day we were set to sign the P&S, buyer gets cold feet and backs out (i believe buyer found another house to buy). Buyer had inspection and i agreed to have fixed the items that they requested. The offer does not allow them to get out of contract for any other contingency (except mortgage). The listing agent wants to return the check to the buyer. He did not (yet) put this in escrow, and he feels they will take it to small claims and hold up the selling of my house. The lister is concerned that this buyer and myself have not both signed a statement that our deal is null & void, and this could lead to problems. Of course, the seller has verbally ended the deal. Questions: 1) Most important-Can the seller hold up the selling of my house? 2) If they have put a stop on the check, what are my chances of getting the money from them in small claims? I believe i have a great chance of winning, but can they still not pay me if i win...
3) is the listing agent at fault for not putting the $500 immediately in escrow if they now have a stop on it? [State:Massach.] all advice welcome. thanks.
3) is the listing agent at fault for not putting the $500 immediately in escrow if they now have a stop on it? [State:Massach.] all advice welcome. thanks.