Earnest Money Problems

[Ryan Wanner]

We are currently working with a seller in Missouri on buying their mobile home park. We have decided to pass on the deal for a number of reasons, however we are currently having a dispute over who is entitled to the earnest money deposit. The conract clearly states that the money is to be returned to us. I was wondering what our next steps are to move forward with the retrieving our earnest money. Thanks guys, any help is really appreciated.

Ryan

[Steve Vaughan]

Was the earnest money deposit placed with a title company or other 3rd party, I hope?  Was there a specific reason for the back-out?  Was it just during your due diligence period? Inspection or financing contingency? Please provide a little more info in these regards @Ryan Wanner and I or others may be able to help more.  Thanks!