QUESTION:

What if the Transaction isn’t Completed?
Is My Deposit Refundable?
Who Pays the Fees?

ANSWER:

When a transaction fails to close, a cancellation agreement must be reached between the parties. This cancellation agreement must be put in the form of a written instruction, just as your contract was. Since the deposit is part of the escrow contract, both the Buyer and Seller must mutually agree to its disposition.