2006-10-29 21:12:30 · 5 answers · asked by nabcde a 1 in Politics & Government ➔ Law & Ethics
What to do? you said.
I say See a lawyer.
Expansion:
In most cases it depends on the terms of earnest money and laws governing the ernest funds.
You did not give more info.
But base on my interpretation, in real estate, in USA it must be cashed as soon as possible, but no longer then few days , some states require no more then 3 days, some require 7 days. If it is not cashed the broker can loose licence. The broker is required to keep the money in separate account, and he cannot use it and no one else can use it. Except per initial contract, and laws governing it.
The reason is, he must act according to the state law. When you gave the check you gave the money, the special account is call escrow account.
If you think they are cheating you, then just tell the company, to give your money back, do not call them cheat or anything(must be in writing always). If they do not refund the money they must explain why, and tell you if they will refund later, after, and when all parties agrees to it.
Keep record of what is said, every thing must be in writing only.
2006-10-30 01:07:23 · answer #1 · answered by minootoo 7 · 0⤊ 0⤋
Need more info. If you gave the earnest money while waiting for financing, and it fell through, they can cash the check. That's the point of earnest money.
2006-10-30 05:16:04 · answer #2 · answered by kitty fresh & hissin' crew 6 · 0⤊ 0⤋
Report to Company Law Board.
2006-10-30 10:00:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Why did you deposit earnest money?. What is EMD BTW?
2006-10-31 02:20:58 · answer #4 · answered by indianborntowin 2 · 0⤊ 0⤋
SERVE A NOTICE & RESORT TO COMPLIN TO CONSUMER FORUM STRESSING DEFICIENCY OF SERVICE
2006-11-02 00:30:01 · answer #5 · answered by R Purushotham Rao 4 · 0⤊ 0⤋