A Homebuyer Wants To Walk Away After Discovering A Roof Leak And Possible Mold. The Seller Won't Return The Earnest Money, Leaving Them Stuck

Core Points - A homebuyer is facing difficulties after attempting to back out of a townhome purchase due to a roof leak and concerns about mold and insurance coverage [1][4] - The seller is refusing to return nearly $5,000 in earnest money despite the buyer's issues with the property [1][5] Inspection Issues - During the due diligence period, the buyer discovered a leak near the water heater, which was later identified as originating from the roof [2] - The seller offered credits for the roof repair, but further complications arose when the buyer changed lenders and faced insurance coverage issues [3] Financing Challenges - Several insurance companies declined to cover the home due to concerns about water damage and potential mold, which the buyer had not previously considered [3] - The buyer learned that the property had been vacant for over six months, raising concerns about a possible mold problem [3] Seller's Response - The buyer feels trapped between the need to protect their health and the financial loss of the earnest money [4] - Despite notifying the seller's agent about the mold and insurance issues, the seller continues to withhold the earnest money [5]