Buying & Selling Real Estate
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 4 years ago,
Seller Compensation for failure to produce docs
I am wondering if There is a precedence to legally force compensation from seller for expenses thus far (Inspection, agent, time, wire xfer fees etc.) in a deal that is under contract signed by seller requiring sellers disclosure but has not provided during due diligence?
To be clear...I want to close and have made good faith effort on all aspects however seller has allowed due diligence to lapse without responding with requested items. (The contract states the sale is not considered as-is if a due diligence period applies.)
As I am seeking a possible precedent rather than a suggestion on what I am able to do, I would greatly appreciate an informed technical/legal response rather than speculation.
Thanks in advance!