Closing on Property Question

[Alecia S.]

I have a property that was suppose to close on Friday. All documents state closing must occur by Friday’s date. My realtor received a text from the other realtors agent at 545 pm that the bank did not fund the deal on Friday and would fund the deal on Monday. The title company did not notify me or my realtor of this and it was a send out sale due to being in another state. Do I still have to sell the property?

[Darius Ogloza]

You signed the paperwork, including the deed.  The court would likely consider the buyer's tardiness to be an immaterial breach resulting in no damages to you and would hold you to your deal.  This is especially true if your plan is to keep the earnest money.