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Updated over 5 years ago on . Most recent reply
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Seller Contract Breach
I entered into a contract with seller and found a buyer and contracted with him. Now that I’m submitting my paperwork to the attorney I can’t get in touch with the seller to fill out seller information sheet for attorney. I think that the seller is having second thoughts about the sale. I know that I can sue for breach of contract but my questions are:
1. For a property less than $50k is it worth it? it will be a $7k assignment fee to me. I REALLY would like the $7k but I dont want to spend $5000 in attorney fees to get it.
2. When do I do this? Before or after contract expires.
3. i did not fill out an affidavit to cloud the title.
I’m thinking about sending a bird dog out to the property to deliver the paperwork from the attorney.
I marketed the property pretty heavily and I’m wondering if another investor contacted him and is trying to take the deal out from under me.
Is there anything I can do to save this deal?
Thanks!
Letron