Can I get my due diligence money back if structural problems were found

Posted in the Battleboro Forum

Since: Feb 13

Kernersville, NC

#1 Feb 6, 2013
Hi,
I signed a contract in North Carolina to buy a house last month (Janurary end). I paid couple hundred $ Due Diligence Fee and couple thousand $ Earnest Money along with the contract. The due diligence date is at the end of this month (Feburary end).
The house was inspected by a licensed inspector and serious STRUCTURAL PROBLEMS were found. The structural problems were not disclosed by the seller in the signed "residential property and owners association disclosure statement" document.
My question is, can I legally get my due-diligence-fee back if I terminate the contract?
Any comments are appreciated!

“Making A Difference”

Since: Feb 13

Location hidden

#2 Mar 11, 2013
The articles at this web site might help answer some other DD questions,

http://www.aegisjournal.com/asset-location-an...

Also - it refund of the DD money is dependent upon the contract agreed to by the parties.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Battleboro Discussions

Title Updated Last By Comments
Will howard fired at IRC!!!! Oct 20 Sadstory4U 4
Funeral Held for President of Hells Angels (Jul '09) Oct 19 pissed off old lady 134
Winston-Salem Pride Oct 10 Cupids Corner 1
Sick of all this heroin!!! (Apr '14) Oct 9 streetrunner 14
Man Dies In Greensboro House Fire (Sep '08) Oct 7 bored 49
Debate: Gay Marriage - Battleboro, NC (Jan '13) Jan '13 come on now 6
Nash County NC High Speed Fatal Accident On I-95 (Dec '12) Dec '12 Sally 1
Battleboro Dating
Find my Match

Battleboro Jobs

Battleboro People Search

Addresses and phone numbers for FREE

Battleboro News, Events & Info

Click for news, events and info in Battleboro

Personal Finance

Mortgages [ See current mortgage rates ]