Fannin v. Cratty

Wilda Fannin was the successful bidder at a public sale of improved real estate owned by Ward and Rachel Cratty. After the property had been “knocked down” to Ms. Fannin for $45,500.00, she. made a deposit of ten (10%) of the purchase price in accordance with the conditions of sale. Less than a week later, she demanded a return of her deposit; and when her demand was refused, she commenced an action in assumpsit to recover the deposit. The sellers filed a counterclaim for the difference between Ms. Fannin’s bid price of $45,500.00 and the price of $39,000.00 which they were able to obtain…