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THE BACKGROUND INFO
My father was going to buy a home so he put XX number of dollars down for the home. But he could not get a mortgage loan from them and was not capable of buying the home , therefor, he is askin for his money back. Simply all he wants is his money back for the purchase he never made.
I would greatly appreciate it with any help at all because my family has a bad writing background and because im not originaly from america so i do not know the extended vocabulary as most people do.
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If your father did sign a contract with those provisions, then he will be entitled to the refund since he could not obtain the proper financing for the house. If there is no written contract, or if the contract didn’t include any escape clause, then you and your father may have to enlist the help of a real estate attorney to get the deposit back.
There are lawyers who will help you on a contingency fee basis, that is, they will be paid only if they could help you get the money back. You won’t have to put any money up front. The downside to this is that you could end up paying a lot more for their services since the percentage cut could be more than 50% of judgment in some cases.
I was willing to buy a home from you about a year ago, but I was unable to receive a Mortgage Approval. Not receieving the Mortgage Approval, terminated our contract, and the contract that i signed on August 26, 2005 stated that I should have received my refund of all the sums that I paid., which to this day I have not obtained.
Director of Customer Services
(or Director of Sales/Marketing or whoever named in your contract to handle refund requests)
Anytown, Any state
My name is XYZ. On August 26, 2005, I paid a sum of $ to your company as earnest deposit money on a property located at any street number, any town, state + zip code. The sales contract that I signed with your company clearly states that I will be entitled to a refund of my deposit if I cannot get an approval for my mortgage. On January 1, 2006 (pick a date), I was informed by the financing institution (specify the name) that my mortgage financing application was not approved. On January 3, 2006 (pick a date), I informed Mr. So and So, your real estate broker that I would need to cancel my contract since I could not get the proper financing. I was promised that my refund would be forthcoming.
It is now July, and I have yet heard anything from your company regarding the refund of my deposit.
With this letter, I would formally request that your company refund to me my deposit as soon as possible per the terms of the sales contract. Please send the refund to the following address:
Anytown, Anystate .
Thank you very much for your prompt attention to my request.
I don’t know whether this letter would help you. There was scant information given in your sample letter. If you signed a contract in last August, and you have not been given back a deposit when you informed the company of your inability to obtain approval for your mortgage, then there is something rather amiss between you and the real estate company. I hope that you did in fact inform verbally someone at Ryland Homes once you knew that your mortgage application was not approved. Your real estate broker should have taken the initiative to handle your refund promptly.
I suggest that you contact a real estate attorney if you don’t get any refund from the company.
People are waiting to help.
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