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Want to back out of a home purchase

Posted on: 25th May, 2009 10:08 pm
The purchase is 20 days into escrow, an reo property, with a good faith deposit of $4,000. Can I withdraw and keep my money?
Hi Guest,

As far as I know, a withdrawal of good faith deposit and other deposits and non-refundable fees are allowed only within the 48 hours after submitting the application. If it is already past that time, you will not be able to get a refund of the money.

Thanks,

Jerry
Posted on: 26th May, 2009 06:23 am
your attorney should be able to help ypo out with this
Posted on: 26th May, 2009 07:00 am
if you are simply backing out, and there's no compelling reason, i doubt highly that you'll be able to retrieve your money
Posted on: 26th May, 2009 08:21 am
Hi SSPINGARN,
How attorney will help in this? I am not getting wht you want to say.
Can you please elaborate?
Posted on: 26th May, 2009 10:40 am
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