Earnest money sc

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Try our Practice Area Finder. Tell us a little about your issue. We'll get you to the right place. Here are the topics we think match your issue. Legal Advice Real estate Earnest money deposit Advice on Earnest money deposit. Sort by relevancy recency. Can I get Reimbursed or revere the sale of a house bought under false pretenses? Asked in Anderson, SC - Nov - 3 attorney answers. The house I purchased has a broken foundation without being told by the seller, and the lawyer never told us we should get an inspection before purchase what can I do about this?

Asked in Beaufort, SC - Sep - 4 attorney answers. After reviewing the sales contract, it appears that we would lose only Earnest Money Deposit to the sellers. Our other question is: Asked in Bluffton, SC - Jun 14, - 3 attorney answers. Accepted a 6 month contingency contract. Removed home from active listings. Buyer said they would list house below market value to sell quickly. Instead, they listed at a top price above any comparable sales and, as a result, had only a couple of showings.

Now that the end of the contract is only 6 days away, they say they are no longer interested in pursuing the purchase after the term date.

Any recourse for the inconvenience on our part as sellers as they did not act in earnest or good faith? Asked in Beaufort, SC - Oct - 2 attorney answers. The buyer has been waiting on money from a personal injury suit. She and the lawyer have contacted the realtor several times insuring them that the money will be here soon. Also they have talked with the closing attorney stressing the fact that the funds will be here soon.

She also requested this attorney to thank me the seller for my patience in this matter. I went ahead and agreed to the extension. This buyer has received the funds from her settlement but now wants out of the contract.

She states she has found another place which is a "better". Asked in Greenwood, SC - Aug - 1 attorney answer. My husband and I accepted a counter offer on a house. We signed and faxed the agreement to the realtor in less than an hour after receiving the document. One thousand dollars in earnest money was paid.

Now we are being told there is a higher offer and the seller will consider both offers. Asked in Irmo, SC - Feb - 1 attorney answer. We want to change venues for many reasons and I want to know before I ask for the deposit back, is the venue legally obligated to give the money back because there is no contract stating that the deposit is non-refundable?

Asked in Charleston, SC - Feb - 3 attorney answers. However, builder did not stick to the floor plan exactly, in 2 places large duct work will be placed in the corner of a room requiring two extra walls in an L shape to hide. You'll all say read the sales contract! Ok, it reads, "Seller shall complete the improvements in substantial conformity with the plans and the specifications for the plan referenced in this Agreement.

Asked in Greenville, SC - Sep - 3 attorney answers. In , my Aunt now deceased signed a contract to sell her home upon vacating; no time designation was determined. Earnest money was given to her at the time of the contract signing. The contract expired 48 months later and the buyer could not buy the house, thus ending the contract. That was two years ago. The "buyer" is now asking me for th earnest money. No where in the contract does it state it be returned if the contract was defaulted by the buyer.

Asked in Myrtle Beach, SC - Dec - 2 attorney answers. After earnest deposit was given, many issues were found during home inspection that seller never disclosed. Seller refused to pay any of repair costs and did not provide proof of warranties or written list of included content or what was being removed.

Also, inspections were not finished by deadline of contract. I opted out because of all these issues. Asked in Graniteville, SC - May - 1 attorney answer.

I am buying a home and i was told by my mortgage company and realtor closing would be May 30 When i was informed of this i took a new job starting June 4.

USDA loan is running 3 weeks behind and the seller is threatening with a law suit if i change jobs before closing because the loan will fall through if the mortgage company and usda find out about the change. There was an addendum written to extend contract to june They want to sue me for their moving expenses. Asked in Liberty, SC - Jul - 1 attorney answer. I'm currently in contract to purchase a new home.

As agreed, I've moved in before the closing date. Inspection and repairs have been made, appraisal is this week. After my family moved in, we found out that a tier 3 registered sex offender lives next door.

We have a one year old child and don't want to live next to a sex offender. Am I able to get out of my current contract? We didn't know about this sex offender when considering the house and would not have put an offer in if we knew.

What legal grounds do I have to get out of the contract? Asked in Myrtle Beach, SC - Sep - 1 attorney answer. My husband and I agree to buy a condo in Myrtle Beach, SC through a foreclosure with Fannie Mae.

We have done everything that we are supposed to do. What are my rights if Fannie Mae keeps delaying the closing. My husband has been staying in a hotel in Myrtle Beach because we keep being told by the Fannie Mae lawyer, it will be another day or two. This is a cash sale, there was a lien that was discovered, but it has been paid for over a week. We live up North and the condo is in Myrtle Beach, SC. Can Fannie Mae keep delaying the closing as long as they want without being held responsible?

What about the "time is of the essence" clause that is in the contract? We are on our second extension and the first closing was supposed to be about a month.

Asked in Summerville, SC - Oct - 2 attorney answers.

He agreed that we could have it checked for water damage and that he would wait for a mold test to be be performed and the results returned to us. He cashed the check the same day that he received it, and when we called to let him know we had the mold test results he informed us that he had sold the mobile home to someone else for cash.

Asked in Aiken, SC - Jul - 3 attorney answers. I have owner finance some restate and the buyer is already trying to sell it to someone else while he is still buying from me.

He has given me earnest money and 2 payments. We are developing the contract but yet there Is no sign contract. I want to back out of this deal.

Asked in Columbia, SC - May - 1 attorney answer. I went through this real estate agent that took my deposit for this house that I later found out wasn't for sale. I have been contacting him and up until today he has stopped answering my calls and he still has my money. I am trying not to be mean about anything but I feel that he is trying to take my money. I am not a wealthy person at all but he told me that he could help me find a home that I can afford. He told me earlier today that he would have my money back by 11am but i have been calling and he is not answering.

What do you suggest would be the best way of getting my money back?? I have contacted my local news to ask what steps I could take on exploiting him so that no one else will have to go through this situation. I am now homeless with my two kids and he act like he don't care.

Asked in Mount Pleasant, SC - May - 3 attorney answers. Had a house contract expire may 4 because buyer changed lender a few days before closing because they didn't want to provide additional documentation. The new lender refused to process loan past doing an initial pre-approval without extension of contract. There's a horrible deadlock clause on the earnest money requiring both parties to sign the release, she refuses to sign even to have it released to her. HOW DO I GET OUT OF THIS CONTRACT?

Asked in Myrtle Beach, SC - Jul - 1 attorney answer. Asked in Myrtle Beach, SC - Feb - 2 attorney answers.

How to Protect Your Earnest Money Deposit

Asked in Aiken, SC - Nov 14, - 1 attorney answer. I confirmed acceptance of the offer via email and was to sign the contract upon returning to town in 2 days time.

Prior to arriving, my agent called and said the buyer was withdrawing the contract due to discovery of a sex offender in the neighborhood.

The contract was in the possession of my agent but I had not signed it, but was still within the deadline to do so when this happened. Am I, the seller, due the earnest money for them withdrawing?

Columbia South Carolina Real Estate Tommy Hawkins

There were no additions to the contract of an addendum for any reason. Related Topics Property title Real estate buy and sell agreements Escrow in real estate Business real estate Residential property Buyer's rights in property sales Purchasing a house Business contracts Business Real estate. Get your questions answered Avvo helps you learn about your legal situation, connect with lawyers, and get advice.

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