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I had a verbal contract to buy a restaurant for 30k. I went and got a cashier's check from my bank. A sale contract was suppose to be drawn that day. Seller refused and told me not until the check clears. He then informed me that he was going to decline the sale since he couldn't cash out from his bank. The bank put a hold for the next business day. It was a friday for the transaction. On Saturday he insisted I give him 5k as good faith in the sale of the assets. The seller then had me sign a letter stating I will get my 5k after contract is signed. He then gave me the key to the restaurant. I have the key in my possession. I feel that I am a victim of fraud and misrepresentation.
He had me sign a letter saying if I terminate the del I lose all monies that be the 30k and 5k
His bank has my cashier check deposited already and he is refusing to give me my 5k in cash back