Good morning po. I am just hoping i can get an answer from the legal point of view;
i paid a downpayment of P175,000.00 for a real estate property but I have not signed a contract yet (I am an OFW). after 1 month, i decided to cancel the transaction due to some financial problems that arised.
the Real Estate Office only refunded the P115,000.00 in 3 payments within a year but the remaining P60,000.00 was not refunded.
when i checked the Official receipts from my father (he was the one who paid the money), an OR worth P115,000.00 was issued by the real estate office but the P60,000.00 was only an aknowledgment receipt signed by the real estate agent.
Legally, is it right that the P60,000.00 cannot be refunded?