Hi everyone,
I recently attempted to buy property in Santo Domingo and put a deposit on a home which a relative of mine told me was something that might interest me I saw some pictures and thought this could be the place. The real estate company rushed the sale telling me that if I wanted the house I had to put down a deposit by weeks end because there were other interested parties. I was here in the US and couldn't leave immediately and wired the money and a receipt was made in my name with a verbal agreement that if the house was not what I wanted I could get my deposit back.
It turns out that the house was not what I expected, even more surprising my relative signed a contract under his name to secure the house, which I never saw until I arrived. The contract states that if I don't buy the house within a week I lose the deposit in full.
They are now refusing to return the deposit and the home is still for sale and the price of the house has doubled, so even if I wanted to buy it now to recoup the money I cant. Can they do that?
I recently attempted to buy property in Santo Domingo and put a deposit on a home which a relative of mine told me was something that might interest me I saw some pictures and thought this could be the place. The real estate company rushed the sale telling me that if I wanted the house I had to put down a deposit by weeks end because there were other interested parties. I was here in the US and couldn't leave immediately and wired the money and a receipt was made in my name with a verbal agreement that if the house was not what I wanted I could get my deposit back.
It turns out that the house was not what I expected, even more surprising my relative signed a contract under his name to secure the house, which I never saw until I arrived. The contract states that if I don't buy the house within a week I lose the deposit in full.
They are now refusing to return the deposit and the home is still for sale and the price of the house has doubled, so even if I wanted to buy it now to recoup the money I cant. Can they do that?