Wholesaler Changing Purchase Price

[Jeremy Anan]

Hello BP - 

Need your input here.

We went under contract on a property in Baltimore about 20 days ago (06-22-2020). The closing date was set for July 17. It is a wholesale deal. Both the owner and wholesaler signed the PSA and the assignment. My purchase price is $56K. Today, the Wholesaler texted me stating the following... "Sir, I spoke with owner. He's looking at stalemating my contract until it expires. Change the deed of the property into a Maryland LLC and accept another offer for $73K. That is what he told me today. Please, please, please, if you can match $73K he will expedite the transfer of the deed in the next week or so and continue with completing this transaction with a closing date in the next 14 days. Please advise and thanks in advance".

BP, I am just looking for suggestions on how to handle this.

Thank you for your input.