Thanks to everyone who gave me advice regarding a recent conditional offer, including buying using LOC. I had the inspection on the weekend and have decided not to proceed with the purchase. I contacted the agent and he said he will fax through paperwork to sign to say that the offer is not proceeding (I forgot what this form is called), and that he`ll request a refund of my deposit cheque once the seller and I have both signed the form.
I`m under the impression that he shouldn`t have deposited the cheque until the condition was waived. He says he must deposit it within 48 hours of receiving it. Does anyone know which it is? Thanks.
I`m under the impression that he shouldn`t have deposited the cheque until the condition was waived. He says he must deposit it within 48 hours of receiving it. Does anyone know which it is? Thanks.