First Mobile Home - Deal - Cancelled!

[Philip Bourdon]

Well, after all the congrats I received, I just know read an e-mail from my buyer stating that due to unforseen circumstances she (the buyer) would be unable to complete the sale.

It's been just over 48 hours. I have already cash a $500 deposit. My sales agreement (straight from the Lonnie Scruggs seminar book), does not mention anything regarding "non-refundable."

I don't know if there is any legal time where someone can cancel or not. I don't feel real good about simply giving back a deposit check after a sales agreement was written.

What recourse do I have?

Thanks,

Philip