Christopher A. CombsQuestion: My husband is a U.S. Air Force jet pilot. We were stationed at Luke Air Force Base for three years but recently transferred to Eglin Air Force Base in Florida. We are temporarily living in base housing, but we wanted to buy a home as soon as possible after the sale of our Glendale home. When we moved to Florida, our Glendale home was in escrow for $528,000 with a $40,000 earnest money deposit. All contingencies have now been fulfilled, including financing. The buyer (an LLC investor) now refuses to close escrow because a short-term rental buyer just bought the home next to our Glendale home. The title company immediately released the $40,000 earnest money to the buyer. Without the $40,000 earnest money, we can’t start looking for homes in Florida. Does the title company have any liability to us for releasing the $40, …
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