Seller won't give up security deposits at sale

[Troy F.]

Hello,

I've purchased a few properties now and this is a first. We are 8 days from closing and the seller's realtor informed me that we would not be getting the security deposits as that was not written into the contract. I've been asking about the security deposits since prior to contract signing. I noticed the seller's realtor seemed to be sidestepping the question. I just thought he was busy and didn't have the details, so he hadn't responded. Today he finally laid out their intent. These are section 8 tenants. Those security deposits belong to the tenants, not the seller, or the buyer. Have you ever heard of a seller trying to keep the security deposits before?

Thanks,

[Russell Brazil]

You need to have had it in the contract. This was an oversight by either you or your agent.