Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

33
Posts
5
Votes
Sam Stabler
5
Votes |
33
Posts

Attorney Fees - Earnest Depsoit Dispute

Sam Stabler
Posted

I wasn't sure where to post this but here goes:

Is the losing party between buyer vs. seller. Held liable for not just losing out on the Security Depsoit (3% of purchase price here in CA) but also held liable for all attorney fees on of the other party?

I'm a buyer involved in a dispute with my security deposit with a seller. The seller wants all of my earnest depsoit so this is likely headed to arbitration. I wanted to know just what is my liability? Me losing out on my security deposit held in escrow or does this also include legal attorney fees in the event that I should lose the case in arbitration.

Thanks

Loading replies...