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How do you get your deposit back on a house that you were unable to buy and the contract has expired?
Wiki User
∙ 16y ago
In many cases the real estate agent or an attorney acts as "escrow" agent for the deposit and should release it to you within, say, 30 days of exercising your contingency to not proceed. Depending upon why you were unable to buy the house, you may also lose the deposit (e.g., if you didn't come up with the money, but didn't have a mortgage contingency, or it lapsed before you could notify the sellers, etc).
Wiki User
∙ 16y ago
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How do you get out of a signed contract to buy a house?
You can get out of the contract, but you will forfeit your deposit. If you are in the midst of construction, that may be a different matter.
If a buyer puts a deposit toward a purchase of a house how long does he have to get the mortgage before he loses the deposit?
It all goes by the contract. How long does it state the buyer has to close on the property or secure a new loan.
How do you deposit property tax of MCD?
How to deposit house tax.
What is the minimum legal age to purchase a house in Canada?
The minimum legal age to purchase a house in Canada is 18. If a person is under the age of 18, they are unable to enter into a contract since they are still considered a minor.
How much did a house cost in the 1980s?
10,000 for the deposit and everything 10,000 for the deposit and everything
What do house buyers need to know before signing a contract?
House buyers need to read the contract, and know everything the contract ties them in to. And what the contract entitles them to. Also house buyers need to know the penalty for ending the contract early.
Will you get your deposit back from your house if you move out because of problems in the house?
if the problems rendered the house uninhabitable, you could get your deposit back providing that you could prove it and that you yourself did nothing to cause any damage to the house.
What does 10 percent towards deposit paid by vendor mean when buying a house?
When purchasing a new home, a deposit on the sale price is normally required. When buying a house,10 percent towards deposit paid by vendor means that if, for example, the house cost 200,000 US dollars, a deposit of 20,000 US dollars was paid by the person selling the house.
Where are the major fossil deposit locations?
my house
How long is a seller obligated to pay commission to a real estate agent after their contract has expired before you can sell to someone new that the realtor had no communication with?
I would hope this was covered in the contract you signed. There is usually a protection period but it extends only to buyers that looked while listed with the brokerage. If your buyer has never seen the house and your contract has legally ended, you are free to sell right away.
How long is Bret harts contract in 2010 in the WWE?
It was about 10 months since it just recently expired, and wont be on wwe television again any time soon; however, he will still appear at house shows in cities he is still popular in.
What is the defect of a voidable contracts?
A void contract is one that is no longer enforceable for some reason, such as it has expired or the parties have cancelled it. A voidable contract is one where one or both of the parties could walk away from the contract without further obligation, but has not done so.
