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I would suggest first rereading your contracts for a finance contingency, then I would check the FHA paper work. Because FHA many times has repair/condition stipulations that state "if repairs are not made or home doesnt appraise for value" the loan will not be issued and deposits to be returned. If after all of that has been done then get an attorney.
Since October 2009
Since October 2009
Since October 2009
There usually is an interium process call Mediation through the local Board of Realtors. Assuming your Earnest Money check was made out to the bank or to the Listing Agent's office (the agent that is representing the bank). The refund of Earnest Money will be based on the real estate contract language. Also, have you hired your closing attorney for the real estate transaction yet? If so, they can probably assist you as well.
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How do you get deposit money back when bank will not finance the house?
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put deposit down on foreclosed home but when CL 100 report came back bank stated it would not finance unless seller made repairs. FNMA would not make repairs so had to walk away but now cannot get earnerst deposit money back. Filled out release form and signed by my broker and agent but listing broker says court must tell him what to do with deposit money.
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