Angel A. asked
I applied 2k earnest money on an offer to buy a 3 bedroom 2 bathroom home. The appraisal came back as a 2 bedroom 2 bathroom home. Based on this, my agent advised that the seller would sign a mutual release. Today, I received a letter stating that they are giving my earnest money to the seller based on 876 IAC 8-2-2. My agent advised me to seek legal advice. What should I do?
March 31st, 2023
Aaron W. answered
The seller is only entitled to the earnest money if you were in default under the contract. Since th...
March 31st, 2023
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