Quote:
Originally Posted by calgarygeologist
Don't deals usually die, become null, after a pretty short period of time if an agreement isn't signed by both parties? Again, it is my assumption that if an agreement isn't met and signed the deal should fall apart and you should get your deposit back fairly easily. Maybe I'm thinking things through in too simple of a manner though.
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That's what I thought too but apparently not. If I knew what a know now I wouldn't have made such a big deposit. We had until yesterday to complete the deal so it's a dead deal. But the money sits in trust until they agree to release it even though we told them 2 weeks ago the inspection failed and we weren't buying. I suppose if they think I pulled out unfairly they could claim damages so the money sits in trust. I don't really understood to be honest. I just know it's been a while and the brokerage still can't cut me then cheque.