Have you ever had to go to court for backing out of a contract?

[Mike Schorah]

20% of virtual wholesale deals are cancelled and 5-10% of deals with physical appointments are cancelled.

For instance... If a seller isn't that truthful with you, you dig into exactly needs to be done with the property, you can't negotiate a lower price with the seller, the seller refuses to negotiate, you back out of the contract, the seller refuses to give your earnest money deposit of $100 back and you walk away.

What if it's the end of the world? What if you lose your fortune? What if you lose $100,000? I'm thinking of the worst case scenario if you cancel the contract.

Have you ever been freaked out? Has the seller sued you for $500,000? Have they garnished your wages at your job because you cancelled the contract?

Has a judge, worst case scenario, told you to come to court and said "Can you show me proof within the 30 days that you tried to cancel this contract with the seller?"