Aurora Asking for None Refundable Deposit Before Holding Off Trustee Sale?

Has anybody heard of Aurora asking for none refundable deposit before they will hold off a Trustee Sale - we have a great offer and we are asking for short sale approval from them.

The sellers sure don't have money - it's purchase money loan on both liens (Aurora is first), and they are losing their house. We know the buyers are not going to put none refundable deposit when there is not even approvals; not to mention they have to do inspections., etc.

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Permalink Reply by Gael Adair Grove, CDPE/SFR/ePro on February 13, 2011 at 6:28am

As far as I've been taught over these last 30+ years non refundable deposits are illegal, at least in Calif. Stick to your guns Sylvia

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