I have a signed real estate agreement to purchase a piece of raw land. The title company is holding my earnest money. The title search returned showing a federal lien on the property. For weeks the seller said the lien was paid. Now the seller is saying her attorney took off with the money. And saying they can't sell the land. This has dragged out for 6 months. The property is located in Texas.
Sounds like it's time to ask for your earnest money back.
Answers to questions are for general purposes only and do not establish an attorney-client relationship
Most contracts give a Buyer a stated amount of days to object to title or survey matters. If the Buyer timely objects, then the Seller may cure, refuse to ignore, or ignore. If the Seller refuses to cure or ignores, most contracts allow the Buyer the right to terminate and receive the return of all earnest money. You need to start this evaluation by closely reading your contract to determine your rights, or engage an attorney to do so.
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