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Updated over 4 years ago, 04/03/2020

User Stats

50
Posts
24
Votes
Jason Tougas
Pro Member
  • Rental Property Investor
  • Seguin, TX
24
Votes |
50
Posts

Release of Earnest Funds

Jason Tougas
Pro Member
  • Rental Property Investor
  • Seguin, TX
Posted
I recently had a contract fall through in underwriting because of the property would not meeting valuation along with several other issues on the sellers side. Since the property was not financeable, I was no longer able to move forward with the purchase and had terminated the contract.
  • Jason Tougas
  • User Stats

    50
    Posts
    24
    Votes
    Jason Tougas
    Pro Member
    • Rental Property Investor
    • Seguin, TX
    24
    Votes |
    50
    Posts
    Jason Tougas
    Pro Member
    • Rental Property Investor
    • Seguin, TX
    Replied

    The buyer and sellers are now fighting over the release of earnest funds. What is my best course of action to ensure the funds come back to me since the reason the deal fell through is a result of the seller and not the buyer?

  • Jason Tougas