Me and my fiance signed with a realtor to buy a house and have deposited our funds into his escrow account. How we are unable to get a bank loan because my fianace is not 21 years of age and cannot own property unless she gets her minorty waived which is not an option b/c it would drop her from her mom's federal health insurance plan.
We where never told that Jennifer could not own property, we cannot secure any type of loan with any bank for any amount, regardless of making a down payment or not, b/c my credit alone is not good enough to get a loan with only my signature, and I cannot find someone with good credit to co-sign with me. We are simply unapprovable at this point in time or until 4 months passes when Jen is 21.
My question is this, the realtor has informed us that the $500 that we gave to him which he deposited into escrow can only be given back to us if the seller wishes to, which I cannot just see someone giving back $500 of free money to them back to us.
What are my options? Do a stop payment on the check and risk being sued. Say that the contract is void b/c we where never informed that Jen could not own property. Say that the contract is void b/c Jen's signature is all over the buyer's contract which in itself makes the contract void b/c she at the time of signing the contract she was a minor.
2006-10-04
08:59:24
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8 answers
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asked by
Anonymous