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CACELLATION OF CONTRACT, RELEASE OF DEPOSIT... who handles this?

Hello,

Who's responsibility is it to handle the CACELLATION OF CONTRACT, RELEASE OF DEPOSIT AND JOINT ESCROW INSTRUCTIONS? (California)

My wife and I cancelled an offer on a home. We never received an "Acceptance of Offer" on this offer. After we cancelled the offer, we "Fired" our agent. I think he is a little bitter because now he is saying that it is not his responsibility to get our $1000.00 deposit back from the escrow company.

Is this true? Should I file a complaint? I am having trouble getting my money back. I don't feel this is my responsibility. Please help!
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August 25 2009 - San Bernardino
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Answers (3)

Escrow can typically assist the buyer with the paperwork to retrieve their deposit back if the agent has disappeared. Some escrow companies deduct a portion of the deposit for preparing the escrow instructions. Keep in mind that getting your deposit back will also have a lot to do with your contract. Hopefully, the agent will be there to help you complete the process. I know this was an old post, but I think it was worth addressing in case others were in the same situation.
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July 19 2013
It is your agents responsibility to get your deposit back. Even though your fired him the deposit was taken while he was working for you.  Also I want to know.....


Why was your deposit check deposited if you were never in contract?
Do you mean you gave it to him or was it actually deposited?

If you just gave it to him and it wasnt deposited I would think its a good idea to cancel the check and move on.
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August 25 2009
Call escrow directly; they should be able to asssit.
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August 25 2009
 
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