What is the name of your state? Florida
Trying to make a long story short, I am the seller and had an as is contract for my home. The buyers added a brother to the contract with an addendum a week before the closing was to take place. Of course, the closing was delayed. The lender needed various paper work over the next three weeks untill the deal was finally over. The buyer's claimed they were denied, but have never given us the denial letter. Our broker's contact at the lender said they never completed the paper work, so it wasn't denied, it was just stopped. $6000 was put in excrow. The buyers won't sign the cancel and release, and neither will we. We feel we are entitled to the money since there was a breech of contract. What steps can we take to get the money in escrow short of hiring an attorney. No one seems to know what the proceedure is. Will the money just sit in escrow indifinitely? I moved out of my house when I thought we would close and am now in another state paying rent plus my mortgage and all the house expenses. My house is still not sold, and that money would really come in handy to pay all these added expenses.
Trying to make a long story short, I am the seller and had an as is contract for my home. The buyers added a brother to the contract with an addendum a week before the closing was to take place. Of course, the closing was delayed. The lender needed various paper work over the next three weeks untill the deal was finally over. The buyer's claimed they were denied, but have never given us the denial letter. Our broker's contact at the lender said they never completed the paper work, so it wasn't denied, it was just stopped. $6000 was put in excrow. The buyers won't sign the cancel and release, and neither will we. We feel we are entitled to the money since there was a breech of contract. What steps can we take to get the money in escrow short of hiring an attorney. No one seems to know what the proceedure is. Will the money just sit in escrow indifinitely? I moved out of my house when I thought we would close and am now in another state paying rent plus my mortgage and all the house expenses. My house is still not sold, and that money would really come in handy to pay all these added expenses.