Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply presented by

User Stats

4
Posts
1
Votes
Pam Lee
  • Real Estate Professional
  • Charlotte, NC
1
Votes |
4
Posts

Termination Contract Question

Pam Lee
  • Real Estate Professional
  • Charlotte, NC
Posted

I signed a contract with a wholesaler to purchase a house by X date.  X date came along and I signed the paperwork and gave my money for the house.  The actual owner of the house (an estate) did not get all 15 signatures in until 2 weeks later.  Unfortunately it was after my finance person revoked the loan and took their money back because the deal was not closed by X date.

Question is, who is the termination contract between?  Me and the wholesaler?  or Me and the Estate?  I am trying to get my deposit back because the did not close by X date and the lawyer is making it very difficult.

Thanks

Pam

Loading replies...