I was trying to purchase a HUD apartment building, I went into contract and put down earnest money into escrow. After a month into the deal HUD notify the owner they needed to give the tenants 150 days notice the owner was selling the property. At that time I had a loan but after the 6 months wait and the change of the economy I was not able to found a lender. Now the seller wants me to close the deal or loose my earnest money. What can I do in this case? Anyone knows of a really good real estate attorney? I don’t see any special clause on the contract for the earnest money and I didn’t had Acomplia any professional agent representing me.
Please advice
Chris
I live in California and the property was in Tennesse, in TN they use lawyers instead of escrow and the lawyer made the contract it was not a standard contract