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If seller changes mind on selling the home to the buyer but the buyer has already signed the contract and put in a deposit but one of the co-sellers hasn't signed what rights do the buyer have.?
Wiki User
∙ 13y ago
- The buyer is entitled to get his deposit money back, but he can't buy the home. This is because there are TWO sellers (two people on the deed) and BOTH seller's need to sign the contract. In your question, only ONE of the sellers signed the contract. Therefore there is no legal contract. Basically, you can't sell something you own jointly with someone else without their permission. Sounds like Seller #1 was trying to sell the home without Seller #2's knowledge and/or permission!I would advise the buyer to get a real estate attorney if he doesn't get his deposit back. And if either party used a real estate agent, they should contact the National Board of Realtors and make a complaint.
Wiki User
∙ 13y ago
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Is it possible to back out of a untitled lot contract after you have signed and paid already the downpayment?
Depends upon the terms of the contract, but usually you forfeit your deposit if you do.
Can a car dealer change the terms of the deal i.e mileage if they have already taken my deposit?
If all you have done is give them a deposit then they can do almost whatever they want. If you have a contract you may have additional rights.
If buyer changes mind on home purchase which does not fall within the contract what remedies does the seller have regarding the signed contract?
The seller is interested in selling the property and not getting into a legal battle over breach of contract. Keep the deposit and move on to the next buyer.
Can you get your deposit back if the seller and her broker did not sign the purchase and sale agreement and made changes on the contract the buyer did not agree with nor initial for the changes on the?
Yes. You should also report the broker to the local board of realtors.
Can you get a refund on a car deposit?
It depends on circumstances, Why are you not getting the car?,,,,,,,,,,,,, Who were you getting it from?,,,,,,,,,,,,,,,,,,,,,,, When did you place deposit?,,,,,,,,,, Any other details? Dealer is in another state. No contract signed. Deposit was to indicate actual interest, but not a contract.
Do I have to refund a deposit on a deal gone bad?
A deposit may be either refundable or nonrefundable, depending on the wording used in the contract. Read the contract, if it states that the deposit is nonrefundable then you won't refund it. Otherwise you will likely have to refund the deposit, as the absence of a nonrefundability clause is usually taken to imply that the deposit was refundable. If there was no written contract it might just be best to refund it to avoid an argument and remember to use a written contract with an explicit nonrefundability clause in it next time if you want to avoid refunding the deposit.
Are security deposit refundable?
That all depends on the contract you signed and the circumstances. You need to review the contract and consult with an attorney if necessary.
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 the effect if you want to preterminate the contract of lease?
you will loose your deposit
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.
What sorts of changes can transform a deposit that is an ore into a deposit that is not an ore?
williams berg acadamy
Can an owner back out of a rental if deposit money was given?
Yes. But the real issue is the contract. Was there a contract and the landlord has a responsibility to it.
