Pelletier v. Goodnoff

On March 28, 1995, the defendants, Bella Goodnoff and Andrea Goodnoff, entered into a contract to purchase real estate from the plaintiffs, Raymond Pelletier and Maureen Pelletier. Pursuant to the contract, the defendants placed $19,250 in escrow as a deposit. The purchase and sale agreement contained a mortgage contingency clause under which the agreement would be terminated and the deposit returned to the defendants if they were unable to obtain financing with reasonable efforts and due diligence. The original agreement gave the defendants until June 6, 1995, to obtain financing. The date…