down payment changed after binder signed?
Posted: Wed Oct 08, 2003 7:34 am
Back on September 2nd, I made an offer on a manufactured home here in NY, which was accepted in writing by the seller, and paid my earnest money.
They still have not given me a contract, and now last night, my realtor called and said they have changed their minds about the amount of the deposit they want to triple the original amount asked for (from 3% to 10%), payable immediately, with a closing to be held on or after November 15th.
Is this legal and/or usual?
Please advise.
Linda
They still have not given me a contract, and now last night, my realtor called and said they have changed their minds about the amount of the deposit they want to triple the original amount asked for (from 3% to 10%), payable immediately, with a closing to be held on or after November 15th.
Is this legal and/or usual?
Please advise.
Linda