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Updated over 7 years ago on . Most recent reply

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122
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Yiftach Ilyov
  • Specialist
  • Tampa, FL
33
Votes |
122
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Seller wants to cancel a day before closing

Yiftach Ilyov
  • Specialist
  • Tampa, FL
Posted
So a day before closing I got an email from the title company stating the seller wants to cancel the deal. What are my options ? Someone was in that spot and can shed light on with his/hers experience?

Most Popular Reply

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Jason Hirko
  • Lender
  • San Antonio, TX
1,511
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1,730
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Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Yiftach Ilyov Don't listen to the people telling you that you're only going to be able to get your expenses back. Courts can and will 'force them to sign'... it's called specific performance. In Texas, I can file a Memorandum of Contract on the property for two hours of an attorney's time and a filing fee and the seller won't be able to get clear title from a title company down the road. Definitely call your lawyer. Now, if she can't pay off all the liens with your purchase price, that gets tricky, but don't let the title company be lazy and tell you she can cancel the contract. 

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