If you seek extension of time for making payment seller may try to extract more money from you
you can cancel the deal if you are unable to make payment within stipulated period
amicable settlement is best option
P&S agreement had 2.5 months. Banks appraisal is scheduled after closing date. Seller is trying to renegotiate more deposit to extend closing 15k non refundable was given as deposit on 235k sale. I feel the seller isn’t work in good faith.
Bank says I need attorney for title work are you available
If you seek extension of time for making payment seller may try to extract more money from you
you can cancel the deal if you are unable to make payment within stipulated period
amicable settlement is best option
Seller has the deposit. What legal document do I need to send?
If you don’t want to extend agreement cancel agreement by mutual consent and seek refund of your deposit
If you feel that the seller is not working on good faith, you may give a second though to continue your proposal on this P & S agreement and even cancel it.
You can approach a local attorney and engage his services to overcome this issue with the help of the chosen attorney.
What was the document that was sought by the seller to redeem the deposit?
If the seller demands documentary proof to return the deposit amount, you may have to provide the same.