Sellers/Agent Placed the EMD in an Interpleader Account w/the CA Courts

[Lorraine Hadden]

We made an offer on a home that was to be an investment property. 

After the home inspection, we opted to cancel escrow and requested our EMD back. The seller's refused and placed the funds in the hands of the court in an Interpleader account. Ended up hiring an attorney to demand the release of the funds. By the time it was all over, the court fees, attorney fees ate up the entire EMD and then some --- this seller never intended to sell the house. They collect EMD from multiple potential buyers - then transferred the EMD into an interpleader accounts in hopes of absconding with all the EMD.

This was a nightmare!!!