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Ms. Bonnell said that Pulte customers in her case forfeited deposits ranging from $2,500 to $25,000 each.
"About half the time I have to tell people, 'Listen, there's nothing I can do,' " said Mr. Schlesinger, adding that 20percentt of his clients end up forfeiting deposits.
As for getting your hands on the $500 forfeited deposit, don't get your hopes up because the buyer's agent probably won't release the money to you.
The preliminary forecast includes a charge of $15 million to $20 million to forfeit land deposits and write down the value of assets it no longer can develop for a profit.
The standard conditions lay down detailed procedures where the seller wants to forfeit the deposit or the buyer wants the deposit back.
Under the Deposit deal, a man who lost by a whisker would forfeit his deposit right along with the man who was badly trounced.
If you withdraw from the sale, you forfeit the deposit.
Other deals fell through when nervous buyers walked away, forfeiting their deposits.
In November, Brookfield decided to forfeit its deposit, of eleven million dollars, and walk away.
You may possibly forfeit your deposit there if you are offered and accept admission from a college where you currently are wait-listed.
Robert Brockway convinced his future wife, Hope (Morehouse) Brockway, Class of 1945, to forfeit a deposit at William & Mary to attend Hofstra College with him.
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