Real Estate Agent
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Seller doesn’t wants out of signed contract
Hello BP,
I wanted to know if a seller can back out of a signed contract? What should a buyer do if the seller gives the buyer a cancellation letter from there attorney, in the state of Illinois? Please let me know thanks!
Most Popular Reply

Not much you can do, you can't force them to sell. You can sue for non-performance but that is limited to actual damages, your inspection fee, lawyer, ect. Usually not worth it and considered the cost of doing business
- Brie Schmidt
- Podcast Guest on Show #132

Second City Real Estate
20 Reviews
5.0 stars