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Updated over 2 years ago on . Most recent reply

Zac Vaughan's profile image
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Zac Vaughan
  • Real Estate Agent
  • from Kansas City, Mo
  • Member since Oct 19, 2021
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Zac Vaughan's profile image
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Zac Vaughan
  • Real Estate Agent
  • from Kansas City, Mo
  • Member since Oct 19, 2021
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Zac Vaughan
  • Real Estate Agent
  • Kansas City, Mo
14
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Starting Out

Seller Keeping Earnest Deposit

Zac Vaughan
  • Real Estate Agent
  • Kansas City, Mo
Posted

Hey guys! 

I recently had a duplex under contract. After inspections, it turns out the duplex is not up to FHA standards and the seller was unwilling to make any updates. The seller is refusing to give back my earnest deposit($2000). It has been 3-4 weeks since the cancelation of the contract. My agent is thinking that I should hire a lawyer. What should I do?

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Russell Brazil
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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil
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Russell Brazil
  • Real Estate Agent
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ModeratorReplied

Any FHA violations should have been easily noticed by your agent. Your agent should not have even let you write an offer on the property if you were using FHA financing.

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