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Updated over 6 years ago on . Most recent reply

User Stats

912
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107
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Patrick Philip
  • Florida
107
Votes |
912
Posts

Buyer went missing, what are my options?

Patrick Philip
  • Florida
Posted

I got a house under contract over a month ago, set to close on 9/19/18 (two days from now). It passed the inspection period fine. Their appraisal came back fine. Now I hear that they haven't signed a disclosure agreement with their bank. Neither their agent or the bank has been able to get a hold of them for several days. If they never respond and go missing, the bank will not lend without the signed disclosure.

I don't see how they have the right to back out for no reason. Can I legally force them to continue the transaction?

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