Safeguarding Your Contract Deposit – IOLA Accounts

With the downturn in the economy all occupations have been affected and law is no different.  While the vast majority of lawyers are trustworthy we have seen an increase in attorneys mishandling client funds they were holding so it is important to make sure your funds are safe.  The deposit given on the signing of [...]

Posted Under: Purchasing a Home, Uncategorized
This post was written by Sdecker on May 29, 2009 Comments (0)

I Can’t Get a Mortgage Will I Lose My Deposit?

Buyers and sellers often wonder what happens if the buyer can’t get his mortgage approval, does the seller get to keep the buyer’s deposit.  Especially when a buyer had a prequalification letter issued from a mortgage broker.  Once the contract was signed the seller couldn’t sell to another so shouldn’t the buyer lose something for [...]

Posted Under: Loans, Purchasing a Home, Selling your home
This post was written by Sdecker on May 22, 2009 Comments (0)