Thakral v. Mattran

This appeal arises from a dispute over earnest money deposited pursuant to a real estate sales contract that failed to be consummated. After a bench trial, the court ruled that the sellers, defendants Raymond and Julia Mattran, were entitled to the earnest money. We affirm.

On August 13, 1985, plaintiffs, Raj and Sudha Thakral, entered into a contract with defendants to purchase a two-flat building in Lombard for $131,000. Plaintiffs deposited $5,000 in earnest money with the listing broker. The financing condition clause of the contract provided in pertinent part as follows:

“This contract is…