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If a seller omitted important information on a home disclosure statement and the buyer wants to terminate the contract can the buyer place a lien on the seller's house to get deposit money back?
Wiki User
∙ 17y ago
First of all, you cannot place an involuntary lien on the sellers house unless you have a court order (i.e. you filed a lawsuit and got a judgment). Laws vary by state and you should really talk to a local estate attorney. However, you probably signed an agreement that included escrow instruction. The escrow instructions probably have instructions on how terminate the escrow and retrieve you deposit or this topic might be covered in the sales agreement. Some contracts require mediation and/or arbitration. Legal action against the seller and the holder of the deposit money may be necessary, but I cannot emphasize enough the need to see a local attorney who knows the laws of your state.
Wiki User
∙ 17y ago
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