Quote:
Originally Posted by calgarygeologist
I would assume that you should be able to recover your deposit from the previous realtor/brokerage office. Your realtor/broker should probably be escalating this matter to the listing broker. Deposits are held in trust by the brokerage so they likely have the money and should be able to refund it.
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In this case the listing brokerage is the same as the one I am using. They said that they need a mutual release signed before they can release the money even though the deal is dead.
What makes it doubly painful for the seller is that the same realtor that sold them the house was the same one that now couldn't sell it for them. Not my problem though. At first my realtor was saying now to worry but not I can tell his tone has changed and he suggested that my real estate lawyer calls the sellers lawyer. He suspects that they are gambling on me needing the funds for another offer and I will come back to them. Not happening though.
I read that it can drag on without a mutual release.