Legal Question in Real Estate Law in Colorado

I signed a contract in Colorado for a very expensive condominium in Vail. I paid a very large deposit. I am now unable to finance the rest of the mortgage. Is there any way to break what they purport to be a "non-refundable deposit?"


Asked on 6/10/10, 2:12 am

1 Answer from Attorneys
Robert Murillo Pivotal Legal Ltd.

I am currently negotiating a matter involving this exact problem. The answer is that it depends on a great deal of facts and the contract terms. You will need to have an attorney review the facts and documents to have an idea of your possible negotiating leverage. Depending on the closing timeframe, you should act quickly.

DISCLAIMER�This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney-client relationship.

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Answered on 6/16/10, 6:30 am


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