2 - I had 2 contingencies in the contract: inspection and financial
3 - I sent a termination notice (signed real estate form) before the inspection contingency deadline because the property had asbestos. Th deadline was 2/15.
4 - However, the seller only sent an email saying they received the termination and wish me good luck but did NOT sign it back
5 - The title company says that unless the seller signs the termination back, they cannot release the $20K back to me.
Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
4y
This is pretty standard...while title could likely decide to refund based upon the contract and terms, doing so potentially results in them defending themselves from the seller. So instead they require mutual agreement.
If the seller won't agree your option at some point is court to obtain a court order for the refund. Hopefully if you simply tell the seller you need the signed cancellation back they'll do it and everything will be fine.