0
Usually you can get your deposit back if nothing improper (i.e. failure to perform by you)is done by you. Check your agreement of sale for the terms related to your deposit. Check with a local attorney. As long as you have a "mortgage contingency" clause in your agreement and you notify the seller in writing prior to the time of the expiration of said clause, you should be all set.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What if a car dealer takes your deposit but then can't get financing?
If the financing was being arranged by the dealer he should return your deposit. However, if you were arranging the financing then it is not his fault and depending on the wording of your contract he may be entitled to keep your deposit.
You paid a deposit for a course now you cannot attend will you get it back?
Ask the school about their policy.
What is the function of a bank?
The function of a bank is deficit financing and deposit mobilization. They collect deposits from customers and grant loans to people and businesses that need financing. They collect an interest from the loan customers and in turn grant interest to the deposit holders.
If you purchased a new car in California and signed the papers gave a deposit but will not take possession of the car till the dealer receives all the funds and cannot get financing can you cancel?
Yes, as long as you have not taken delivery.
Why wont a bank accept a bankdraft back from one of teir customers?
The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).
Gave a deposit on a home to move in on the first of June lost your job so you could not afford the home should you be able to get your money back?
That depends on the contract you signed and the attitude of the seller. You may need to depend on the kindness of the seller to obtain a refund of your deposit. They may be entitled to keep it and any refund may be voluntary. You should have your attorney review your contract and/or speak with the agent you worked with to make your offer. You probably lost your financing as a result of losing your job. Hopefully your purchase depended on your obtaining financing. That may give you a legitimate reason to cancel the purchase and get your deposit back.
Can a car dealer cash a deposit check before the contract is completed?
Yes, they can cash a deposit check before any contract is completed. The purpose of a deposit check is to hold a vehicle for a person while they are waiting on the financing to go through.
What is purchase money financing?
Purchase money financing is when the seller agrees to take back a mortgage for the new buyer. It is owner financing in whole or in part.
Do you have to return a security deposit by mail?
As long as you get your security deposit back, it doesn't matter how he gives it back to you.
Can you deposit a check in the bank with somebody else name on it?
Yes, It's done all the time. You cannot withdraw cash from the deposit. UNLESS you use a ATM that gives you a small credit on the deposit (usually $100) before the check actually clears. But you may deposit a endorsed (signed on the back) check at most banks with no problem.
An account owner must do this in order to approve a check to be deposited into their account?
If you have a bank account and are trying to deposit a check, you will have to sign the back of that check. If the back is not signed, it cannot be deposited or cashed.
How i can deposit money in stokmarkeet?
You cannot deposit any money in the stock market. The stock market is not a bank or a deposit account. You cannot deposit any money there. The only things you can do are buy or sell securities like shares/stock, mutual funds, derivatives etc.
