Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Since your mother planned to pay cash for house, she should not have put money in the stock market in the first place. If she still desires the house, she can try to find alternative financing, such as borrow from private parties, etc.
Otherwise, she is not going to get the deposit back by a long shot.
Quote:
Originally Posted by tianwaifeixian
My mom bought a house and sign the contract for a new construction back to Dec, 2007. The contract was to pay the cash since she is a foreigner and cannot get the loan here. The house is scheduled to close this April. Her original plan was to come here and live in the house. But she just got her visa rejected. Based on her nationality, age, and marrige status, it would be hard for her to come to U.S. and stay more than 6 months in the furture once she has a rejection in her visa history. And also since the stock market was terrible in the past several months, the cash she has is no longer enough to pay for the house. Based on the above 2 factors, she wanted to get out of the contract. She paied >20K for the deposit already. Is there anyway that she can get the deposit back?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
