0
The requirement to refund deposits probably depends on local (country and/or state) law.
If local law allows the non-refunding of a deposit, a receipt, invoice, or other contractual document signed by both parties and stating "deposits are non refundable" would probably be required.
What else can I help you with?
If buyer changes mind on home purchase which does not fall within the contract what remedies does the seller have regarding the signed contract?
The seller is interested in selling the property and not getting into a legal battle over breach of contract. Keep the deposit and move on to the next buyer.
If one writes a check for the security deposit to buy a ring and then changes their mind about buying the ring are they entitled to get complete refund?
Depends upon what terms you entered into with the dealer. Some will return it, some won't. Best way to find out (if you don't remember what you agreed to when you gave the deposit) is just to ask.
Is there a buyer's remorse law in New Mexico?
There is no buyer's remorse law in New Mexico. There are lemon laws in place, but there is no protection for a buyer who simply changes their mind.
What happens to escrow money when buyer changes mind?
When a buyer changes their mind after placing earnest money in escrow, the fate of the escrow funds typically depends on the terms of the purchase agreement. If the buyer has a legitimate contingency, such as failing a home inspection or not securing financing, they may be entitled to a refund. However, if the cancellation is without valid cause, the seller might be entitled to keep the escrow money as compensation for taking the property off the market. It's essential to review the contract and consult with a real estate professional for specific guidance.
Put a deposit on a bedroom set out of the newspaper changed your mind Can you get your money back?
Legally, they are allowed to keep your deposit although if they are nice enough they will hand it back. That is one of the reasons why a deposit is made, usually they will not give back a deposit as the buyer is putting the seller out of pocket. thanks.
You sold your car in Fl The buyer gave you cash and you signed the title later she called and changer her mind Do I have to refund?
No. "Changed her mind" isn't any sort of basis to rescind a purchase contract, unless she happens to be a minor.
If you deposit money and the guy changes his mind does he have to pay you back?
that person who you deposited the money has to pay you double the amount you deposited
If seller changes mind on selling the home to the buyer but the buyer has already signed the contract and put in a deposit but one of the co-sellers hasn't signed what rights do the buyer have.?
The buyer is entitled to get his deposit money back, but he can't buy the home. This is because there are TWO sellers (two people on the deed) and BOTH seller's need to sign the contract. In your question, only ONE of the sellers signed the contract. Therefore there is no legal contract. Basically, you can't sell something you own jointly with someone else without their permission. Sounds like Seller #1 was trying to sell the home without Seller #2's knowledge and/or permission!I would advise the buyer to get a real estate attorney if he doesn't get his deposit back. And if either party used a real estate agent, they should contact the National Board of Realtors and make a complaint.
If a tenant changes her mind 3 days before moving in is she entitled to her security deposit back?
No. You can keep the security deposit because you could not seek another renter while you were holding it for her.
If you put a deposit on a car can you change your mind Can You forfeit the deposit and get out of the deal?
if someone puts a deposit on a car after a 2 weeks period they change there mind do have to give them there deposit back
Can a seller back out of an auction on eBay?
A seller can back out for many reasons. Some reasons but not limited too:  Error in listing  Lost or broken item  The item is no longer for sale If you're a buyer and your not getting what you wanted please keep in mind that accidents and honest mistakes do happen. The buyer should get a refund from a seller that had to back out of a sale.
Can a buyer change his mind about purchasing real estate?
In Florida residential real estate deals, there are "kick out" clauses written into a purchase contract and/or addendums to the contract that give the buyer the right to walk away from the deal and get his deposit back in full within a certain amount of days. But once those deadlines have passed, the buyer runs the risk of losing his deposit money if he walks or being sued for specific performance for possibly the entire purchase price amount. If that is the case, consult a real estate attorney.
