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Home / Uncategorized / No refund of escrow checks after buyer cancels loan (access required)

No refund of escrow checks after buyer cancels loan (access required)

A lawyer acting as settlement agent for a would-be restaurateur failed to get her money back when the funding fell through after the seller of the pizza place promptly cashed checks totaling $100,000. When the buyer suddenly canceled his loan and skipped town, the lawyer could not recover from the seller's agent sums she had covered ...