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I was laid-off

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C

cop

Guest
california.

we bought a new house in tracy in december. escrow was scheduled to close next month. we put down $9,600 as deposit to escrow and signed the purchase agreement. just recently i was laid-off from work and was denied for loan. i informed the seller of my situation but seller refused to give back my deposit. i understand we were in default as stated on the contract but i have no control of what had happened. we really like the house except we can no longer qualify for a loan. is there still a way to dispute this to get at least a portion of our deposit?
 


JETX

Senior Member
Read the sales agreement.

Does it have a 'financing contingency' clause??
What does your realtor say??
What does your real estate lawyer say?
What does the agreement say about breach?

The answers should all be in the agreement.
 

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