Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply

Attorney Fees - Earnest Depsoit Dispute
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