Updated about 12 years ago on . Most recent reply
Seller backs out 10mins before closing.
I have a subject to deal. I was at the attorney's office to close and he calls me and says his brother is going to buy it for 25k
After I've been working on this for months now. What can I do?
Most Popular Reply
You can't compel a person to complete the contract or sell you the house. You are only entitled to the damages you incurred as a result of the seller's failure to close. The damages are usually set out in the purchase contract. Review your contract and see what damages you are entitled to as a result of a seller's breach of contract. Many times the damages are limited to a percentage of the contract price. i.e. 10%. However, it will most likely take a lawsuit to recover anything from the seller. My suggestion would be to move on to the next deal.
Good luck!