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Updated over 7 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Northbrook, IL
  • Member since Feb 5, 2015
  • Posts 32
  • Votes 12
  • Experience 14 Yrs
  • Investments 1
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Northbrook, IL
  • Member since Feb 5, 2015
  • Posts 32
  • Votes 12
  • Experience 14 Yrs
  • Investments 1
Connect
Account Closed
  • Lender
  • Northbrook, IL
12
Votes |
32
Posts
Buying & Selling Real Estate

Seller Put Property Back On Market

Account Closed
  • Lender
  • Northbrook, IL
Posted
I'm under contract on a property in Illinois and we are under attorney review. We are tying to close the deal and they just reactivated the listing on the MLS. There were no disagreements, so I'm wondering what my recourse could be since now they are on default of our contract. Thanks!
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Scott Steffek's profile image
Scott Steffek's profile image
Scott Steffek
  • Flipper/Rehabber
  • from Crown Point, IN
  • Member since Aug 4, 2009
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482
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216
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Scott Steffek's profile image
Scott Steffek's profile image
Scott Steffek
  • Flipper/Rehabber
  • from Crown Point, IN
  • Member since Aug 4, 2009
Connect
Scott Steffek
  • Flipper/Rehabber
  • Crown Point, IN
216
Votes |
482
Posts
Scott Steffek
  • Flipper/Rehabber
  • Crown Point, IN
Replied

Dee,

It doesn't matter if he's flipping it or buying it. It doesn't matter if they think he's a real buyer or not. Feelings have no place in contracts! Based on the information he provided, they're in default.   

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