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Updated over 5 years ago,
Scammed by Investor San Diego
Looking for help with my situation.
I am selling my rental in San Diego and received all cash as is offer of $320,000 from investor/agent. We signed the purchase contract 7/11/2019 and scheduled to close on 9/3/2019 when the current tenant moves out. Escrow was opened with $1000 deposit. I was surprised to see my rental is now listed on mls for sale $359,000 and the buyer acting as my agent.
I feel I have been scammed. It looks like his intention was to purchase only if he found a buyer.
Now the buyer is telling me he is not going to complete the purchase. Contract states "PROPERTY TO BE SOLD AS-IS. ALL CASH OFFER". No contingencies. Can the buyer just cancel the purchase contract? Is there anything I can do?