<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by nickicole:
Recently, I entered into a purchase agreement that was through FHA. The contract stated that the FHA repairs were to not exceed $500. The repairs in fact did and in addition, our financing fell through. The sellers refused to sign a release on the deal and therefore our $1000 earnest money is tied up with our real estate agency. Our real estate agency states they cannot release the money without a signed release from the sellers. The closing date was over a month ago and still no word. Now, the house is no longer with the same listing agent and therefore they will not even return our phone calls. WHAT CAN WE DO? HOW DO WE GET THE $1000 back?<HR></BLOCKQUOTE>
My response:
You sue the little (bleep)!! The seller had already agreed to the FHA terms and conditions, and therefore knew that repairs could not exceed $500.00. Therefore, you're on good grounds for Small Claims Court. File, wait for your hearing date, and bring all of your documents with you. You'll get your judgment REAL quick.
IAAL
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