Welkind v. Hall

This appeal involves the plaintiffs’ efforts to recover a security deposit they made pursuant to their agreement to purchase the defendants’ home. The defendants filed a counterclaim seeking not only to retain the security deposit but to recover consequential damages they claim to have suffered when the plaintiffs failed to purchase their home.

The Superior Court {Wyman, J.) approved the Master’s {William R. Drescher, Esq.) report and ruling that the plaintiffs’ refusal to purchase the property under a financing contingency clause, due to the lender’s addition of conditions on its financial…