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Updated almost 8 years ago,

User Stats

30
Posts
6
Votes
David Blue
  • Investor
  • Framingham, MA
6
Votes |
30
Posts

Cash purchase deal fell through

David Blue
  • Investor
  • Framingham, MA
Posted
A year ago I initiated a cash purchase closing. That deal didn't work out and my initial $10k deposit still sits with the sellers attorneys. The seller went on to rent the condo. I recently approached the seller about opening the deal again with a conventional loan. The sellers agent and I are in the process of putting a new listing contract together to present to the seller. My question is what do I owe my lawyer from the initial cash purchase deal which fell through and do I need to retain that lawyer as I try to get a conventional loan. I am trying to keep my costs down.