Can I get my escrow deposit refunded in real estate?
Yes, as a buyer you can get your escrow deposit refunded if you are within the contingency timeframes of your real estate contract. Most contracts allow buyers to exit after inspections, if they can’t get a loan or if something comes up in the disclosure documents, or there are title issues. In this case, a buyer can walk away and get their deposit refunded. Can you get your escrow deposit refunded at the end of the transaction, once all of the contingencies have passed? That is harder and would have to be up for negotiation. You should monitor your contingency timeframes closely once you sign a contract. If you have any doubts about the purchase, be certain that you can exit in time.