I suggest you talk to a legal person. There is a government agency which give 20minute consultation for $20. I still think you could get your money back.Hi The Analyst
The deposit was paid to secure the block. On the day of paying the deposit we were issued with the contract which stated that we had 28 days to obtain finance approval from the bank. The finance was approved, however we then had to wait for the Land Titles to be issued, which turned out to be 8 months. (May 2008)
However, due to the market change in that time, we decided to pull out before the titles were issued and before the contract became binding.