Thwarted on real estate deal

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Sep 5, 2014
My house has been on the market for 6 months and I finally got a good offer (after rejecting one other) Real estate agent said they were pre-qualified for a VA loan. They were to put $2000 in escrow in 2 days. When that day came, coinciding with the inspection date, they did not have the funds and the inspection did not happen (don't know why)

We were to have an open house the day after the contract was signed, which we cancelled.

My question: Since they signed a contract, do they owe me the escrow money? After signing a legal document, can you just back out? If so, what is the point of the document?

I am more than frustrated at them backing out for whatever reason.

Neil Maley

Staff Member
Dec 27, 2014
New York
This is a question you need to ask the lawyer who will be handling your closing. We can’t answer any type of legal questions here- much depends on the laws in your state.

Please contact your attorney. I’m closing this thread since we can’t advise on legal matters.
Likes: VoR61
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