Winter Park Home Magazine - Issue 4 - 2008

Who Gets the Deposit?
by Frank L. Pohl, Attorney At Law
Partner, Pohl & Short, P.A., Winter Park

In today's real estate marketplace, many purchasers are reconsidering their offers, deciding to terminate their contracts, and seeking a return of their escrow deposit. These situations not only require a determination concerning the rights of the parties to enforce the contract provisions, but also often result in disputes over who is entitled to receive the earnest money deposit. Consider the following examples. More.....