Anonymous asked in Business & FinanceRenting & Real Estate · 3 weeks ago

Under contract on a foreclosure, bank wants to cancel deal. I already paid my deposit. What are my options. ?

6 Answers

  • 3 weeks ago

    You have none.  If the bank wants to cancel it's probably because they can't convey marketable title.

  • nanu
    Lv 5
    3 weeks ago

    get legal help.............................

  • Judy
    Lv 7
    3 weeks ago

    depends on why they want to cancel it

  • Anonymous
    3 weeks ago

    Somewhere in your paperwork I bet it tells you this may be an eventuality and that your deposit will be refunded.  By the way did they not tell you why or your agent if you have no agent/lawyer on this kind of a deal you are a fool.

    Mortgage entities are not fools so I am sure this is written into the contract so read your contract or have an Atty read it to you.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    3 weeks ago

    Read the contract you signed.

  • Anonymous
    3 weeks ago

    Why do they want to cancel?

    Sounds like you get the deposit back if the deal does not go thru.

Still have questions? Get your answers by asking now.