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Related Real Estate Law Questions
We signed an offer to purchase contract on the home we are
We signed an offer to purchase contract on the home we are selling. The buyer turned out to be a realtor but did not disclose that. He never paid the due diligence money nor the earnest money. We told… read more
TJ, Esq.
TJ, Esq.
Juris Doctor (JD)
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I'm selling a house that is now 2 weeks past closing date
I'm selling a house that is now 2 weeks past closing date and I'm trying to cancel the deal and get earnest money. … read more
INFOLAWYER
INFOLAWYER
Partner
Doctoral Degree
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I was interested in buying a house and I placed earnest
Second opinion] Hello. I was interested in buying a house and I placed earnest money into escrow. The deadline for the earnest money has expired and I have changed my mind and no longer want to buy th… read more
Barrister
Barrister
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I have a real estate question. If a buyer purchases a
I have a real estate question. If a buyer purchases a property in an "as is" condition and Cancels after the inspection is made, is it customary that he receicve his earnest money back. … read more
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LegalKnowledge
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Back in October of last year my wife and I went to our bank
Back in October of last year my wife and I went to our bank to ask how we can get a home loan. We didn't have much for money down. We told them the location that we are interested in finding a home an… read more
Loren
Loren
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Please. I am trying to find out what do the laws of Michigan
please. I am trying to find out what do the laws of Michigan say about earnest money deposit. Can you please help me? … read more
Lucy, Esq.
Lucy, Esq.
Juris Doctor
28,029 satisfied customers
I placed $2500 earnest money down on a house in Alabaster (Selby
i placed $2500 earnest money down on a house in Alabaster (Selby County) AL. The contracts were signed, however the property did not appraise for the selling and agreed upon price. How can i get my ea… read more
Loren
Loren
43,224 satisfied customers
If a buyer enters into a residential real estate contract
Hi. If a buyer enters into a residential real estate contract that says:: This contract is contingent upon buyer making a loan application in writing and shall supply evidence of loan application with… read more
Maverick
Maverick
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8,059 satisfied customers
We were in contract sale of our house and 7 days prior
We were in contract for the sale of our house and 7 days prior to COE we mutually cancelled the contract due to the buyer not being able to obtain a loan. The buyer has filed a lis pendens against our… read more
Barrister
Barrister
Lawyer
Doctoral Degree
13,520 satisfied customers
Put a contract on 3 September 2014 for a home in the state
Put a contract on 3 September 2014 for a home in the state of Huntsville, Alabama for a closing date 23 October 2014. But my mortgage loan company at first quoted me 3.2% with zero points for a pre-ap… read more
Loren
Loren
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We were pre-qualified by a VA lender for $100K and we made
We were pre-qualified by a VA lender for $100K and we made an offer to a property which was for sale by owner. In our offer the Seller has to pay all closing cost. To open the escrow we gave the selle… read more
Attyadvisor
Attyadvisor
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I have a "Real Estate Sales Agreement" to sell my home, which
I have a "Real Estate Sales Agreement" to sell my home, which included a deposit of "Earnest Money" of $10,000. Buyer has reneged to purchase the home. Can I claim all the earnest money? The Escrow co… read more
Roger
Roger
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Doctoral Degree
27,348 satisfied customers
Does the buyer of a residential property forfeit his escrow
Does the buyer of a residential property forfeit his escrow deposit if, for any reason, the transaction falls out of escrow? I am selling a property - my buyer has deposited $79,500 as an initial depo… read more
LegalKnowledge
LegalKnowledge
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I am a buyer. I have a purchase contract that states we will
I am a buyer. I have a purchase contract that states we will buy the property contingent to appraisal. The home did not appraise at purchase price. Are we legally bound even if in the 11th hour of the… read more
Lucy, Esq.
Lucy, Esq.
Juris Doctor
28,029 satisfied customers
I went under contract with a company for a new built home on
I went under contract with a company for a new built home on Feb 7, 2010. I was approved for the loan amount. I was to close on the home on June 8, 2010 and received a letter from the finance company … read more
Ray
Ray
Lawyer
Doctoral Degree
9,330 satisfied customers
We bought a house. There was no mortgage contingency but I
We bought a house. There was no mortgage contingency but I got my loan denied because of 2 mortgages on my account as we were not able to sell the house. The seller via their agent offered me a contig… read more
Barrister
Barrister
Lawyer
Doctoral Degree
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I recently was in negotiations to purchase a new home. Closing
I recently was in negotiations to purchase a new home. Closing was suppose to be on Wednesday, but there were delays because of a disagreement on the post-closing lease agreement(Rent back). Does the … read more
Barrister
Barrister
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Doctoral Degree
13,520 satisfied customers
I am a real estate broker in the state of Mississippi. I ...
I am a real estate broker in the state of Mississippi. I had another agent bring a buyer/contract to purchase to me for my seller's townhome. Buyer was pre-qualified and everything, but when it got do… read more
Roger
Roger
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Doctoral Degree
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Meet the Experts:

Barrister

Barrister

Lawyer

13,520 satisfied customers

19 years real estate, Realtor. Landlord 27 years

Ray

Ray

Lawyer

9,330 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,208 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Ely

Ely

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5,000 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

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3,844 satisfied customers

12+ yrs. of experience including real estate law.

ScottyMacESQ

ScottyMacESQ

Lawyer

2,578 satisfied customers

Licensed General Practice Attorney, Texas

J. Warren

J. Warren

Lawyer

1,290 satisfied customers

Experience in residential real estate and commercial leases.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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