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Updated over 3 years ago on . Most recent reply
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Purchase and Sales Contract - Sale Pending Purchase Contingency
If BoB Noob (fictional person) has a signed Purchase and Sales Contract for property X with Dwayne, can BoB enter a 2nd Purchase and Sales Contract on that same property X with Larry. The 2nd contract would include a clause stating that Bob's sale to Larry is pending BoB's purchase of property X from Dwayne? One more detail...Bob has deposited 25k earnest money with Dwayne's title company. The property cost 100k.
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@Jesse LeBlanc Thank you for the response Jesse. I did move on to another title company that was recommend to me =) Say the seller changes their mind and refuses to sell and I was set to double close with transactional funding...what are some possible solutions to that challenge?