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 almost 8 years ago on . Most recent reply presented by

User Stats

6
Posts
2
Votes
Serge Suchkov
  • Real Estate Investor
  • Hoboken, NJ
2
Votes |
6
Posts

How to get out of contract after 4 months of not closing?

Serge Suchkov
  • Real Estate Investor
  • Hoboken, NJ
Posted

Hello, I am looking for some legal help here. The situation is this, I have been in contract since the end of December. The seller has not kept their end of the deal (they were supposed to evict a tenant and remove an underground oil tank). The contract does not specify when, as the buyer, I can pull out of the deal. How long can this go on? I am stuck in a weird limbo where I cannot close or walk away. Is there a way for me to get out of this deal and get my earnest money back? I am in NJ. Thanks, S

Most Popular Reply

User Stats

23,418
Posts
13,508
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You need a new attorney, unless you signed an addendum specifically extending the closing date.

Loading replies...