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Updated about 5 years ago on . Most recent reply

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Sam Stabler
5
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33
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Attorney Fees - Earnest Depsoit Dispute

Sam Stabler
Posted

I wasn't sure where to post this but here goes:

Is the losing party between buyer vs. seller. Held liable for not just losing out on the Security Depsoit (3% of purchase price here in CA) but also held liable for all attorney fees on of the other party?

I'm a buyer involved in a dispute with my security deposit with a seller. The seller wants all of my earnest depsoit so this is likely headed to arbitration. I wanted to know just what is my liability? Me losing out on my security deposit held in escrow or does this also include legal attorney fees in the event that I should lose the case in arbitration.

Thanks

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