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Mortgage Denied |
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I intended to purchase a home in NJ. I got prequalification letter but was denied in mortgage 3 days before closing. Sellers sold the house within 2 weeks, but their attorney did not return deposit (earnest money deposit) to me. Can they do that? |
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I haven't seen your purchase contract, which should say something about whether you're entitled to the return of your deposit if you can't secure financing after making a good-faith effort. Take all the documents to a real estate lawyer for at least one interview, to find out where you stand. If the deposit is for a few thousand dollars, you can sue the sellers in small claims court, representing yourself, and find out what a judge has to say. |
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Edith
Originally published on August 17, 2007 |
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