I was in contract to purchase a bank owned property, I cancelled the contract due to some geologic hazards on the sixth day during the contingency period (the contingency period was 10 days as specified in the contract). It has been a month since I signed the cancellation form, but I haven’t received my deposit back yet. I am in Northern Califonia, but the mortgage company (who owns the property) is in Arkansas. What is the time frame that the mortgage company is supposed to return a buyer’s deposit? What can I do to speed up the process of getting my deposit back? I heard that the mortgage company is now in contract with another buyer. Is it illegal to be in two contracts at the same time? Since I have signed the mediation/arbitration clause on the contract, how do I go about resolving the issue through mediation if I have to?

Program HR 3648 Helps Lenders Reclaim Maximum Return on Defaulted Mortgages
LOUISVILLE, Ky. — Program HR 3648 has established itself as the #1 short sale servicing platform in the country. Their unique approach, under Program HR 3648 , serves to remediate the suffering for both the homeowner in default and the depleted lender.

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