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dnole82101 · Joined: 23 Jun 2010 Posts: 1 1.42 Dollars($)

Hi,
1) Background: I have a sales agreement for a cash purchase of a mobile home (1971) dated Friday, 6/18 at 7 pm. I made deposit of $2500. There is a clause on this agreement that says the real estate agent will hold deposits in its escrow account until closing. If instrument is not executed by 6/23/2010 through no fault of the buyer then said deposits shall be returned to the buyer.
2) Only other contingency was if I did not get park approval. Park fees were $478.00/mo.
3) Real estate agent did not disclose to park that I did not have an income nor a job, even though I told them.
4) I just received an offer of a job 400 miles away. So I contacted real estate agent on Tuesday 6/22 at 10 am to cancel the contract. I believe Florida has a 72 hour buyer's remorse clause. Real estate agent told me at that time that park had approved me and that I could not get out of the agreement.
5) I immediately put a stop payment on the check that had not been deposited yet.
Am I in trouble?

adonis · Posted: Thu Jun 24, 2010 12:01 am Post subject:

Hi dnole,

As the 72 hours time period is over, you may face issues in canceling the sales agreement. The real estate agent may not give back the fees and other deposits that you've paid him. You can negotiate with the park association as well as the agent so that both of them can understand your situation and help you in canceling the agreement.

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