SkyCoast Capital is trying to keep a deposit it never paid.

If the deal closes, SkyCoast pockets $5,000. If the deal falls apart, SkyCoast tries to pocket $5,000 anyway, from the buyer. Under that structure, SkyCoast doesn't need the deal to close. It just needs the buyer's deadline to pass. We believe that structure gives SkyCoast every incentive to let deals die and keep the deposit, and that is exactly what it is attempting to do with ours.

Both documents can't be true. SkyCoast assigned the contract to us; that's on paper with its signature. Its termination says it never assigned the contract to anyone. That statement is false. SkyCoast can't have it both ways: if there was no assignment, it has no claim to a deposit our company paid. If there was an assignment, SkyCoast put a false statement in front of the seller and the title company.

When the deal ended, the seller walked away and agreed to release the earnest money back to the buyer side. The seller isn't claiming a dollar of it. No one who was actually harmed by this deal falling apart is asking for our deposit. The only party trying to take it is SkyCoast, the middleman who stood to collect the same $5,000 at closing.

1. 1SkyCoast assigns us the contract. We fund a $5,000 deposit.
2. 2Title flags an apparent open mortgage that isn't the seller's.
3. 3The seller misses the walkthrough. SkyCoast agrees to an extension.
4. 4We inspect, find real issues, and give SkyCoast our counteroffer.
5. 5We're told the counteroffer won't be presented to the seller.
6. 6SkyCoast goes quiet. We're told they're traveling.
7. 7SkyCoast invokes the deadline.
8. 8Title is finally confirmed clear, after the scheduled closing.
9. 9The seller walks away and agrees to return the deposit.
10. 10SkyCoast claims our full $5,000 and circulates a termination falsely stating the contract was never assigned.
11. 11The $5,000 stays frozen in escrow. We are disputing SkyCoast's claim.

• Get written proof that every counteroffer is actually delivered to the seller.
• Get every extension in a signed addendum, not a text or email.
• Read who receives your deposit if the deal fails, and whether that amount matches the wholesaler's fee.
• Ask for the seller's direct contact or the title company's confirmation of what the seller has received.
• Read the termination paperwork before anyone signs it, and check whether it says the contract was never assigned.
• Assume deadlines will be enforced against you even when delays are on the seller's side.

Redacted documents are added as they're prepared.

• Account published. Our $5,000 remains in escrow. SkyCoast's claim is disputed.

SkyCoast may submit a response with supporting records for publication alongside this account. Material corrections will be posted here.