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Updated almost 4 years ago on .

User Stats

2,138
Posts
1,100
Votes
Joe Homs
  • Flipper
  • Mission Viejo, CA
1,100
Votes |
2,138
Posts

No seller, you can't back out of our deal

Joe Homs
  • Flipper
  • Mission Viejo, CA
Posted

Seller and I had signed a wholesale contract.  A few days later, after speaking with an Agent, he called to cancel our deal.  I informed him, his agent and the agents broker that he could not.  I have contingencies in my contract to protect me, but not the seller.  

They decided to list the home and sell it.  I hired a real estate attorney and sued him.  We filed a law suit and clouded the title of the home so he could not sell.  Three months later he came back to the table and agreed to sell the home to me. 

I flipped the home and made $150K in this crazy California market.