Credit Union Charge backs

[Dboot9]

Hello,

I was attempting to get a mortage loan from Quicken and they required a "Good Faith Deposit" of $500.00. I gave them my account information and they in turn sent me a contract to sign. The contract had two names on it and only signed by one...this was done electronically. I let them know that the document was not out there for the other person to sign, and they still took the money.

I found out that the guy I was dealing with was not very ethical and told him I wanted to cancel the contract. There is a clause in the contract that I cannot get a refund if I cancel the contract. Quicken has not replied to my requests to refund my money.

My question is since it was not authorized by both parties, is the contract enforceable? Can the Credit Union - through MasterCard, because it was taken off my debit card - charge back the merchant based on the charge not being authorized?

Thanks
dboot9 - Michigan

[Mr. Knowitall]

There is a clause in the contract that I cannot get a refund if I cancel the contract.

Well, there you go.

My question is since it was not authorized by both parties, is the contract enforceable?

You signed it, and they're enforcing it against you.

[Dboot9]

But, there are two names on the contract that had to be signed....

X and X- It did not say X and/or X

but it was only signed by one person....

Is this a legal binding contract if two parties are named on the contract and only one signed....

Thanks

Dboot9

[Mr. Knowitall]

You signed it, so absent something in the contract to the effect of "this contract doesn't become enforceable until signed by all parties" it is enforceable against you.