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Updated over 9 years ago,

Don Cuffy's profile image
Don Cuffy's profile image
Don Cuffy
  • Real Estate Agent
  • from Portsmouth, Virginia
  • Member since May 6, 2015
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User Stats

90
Posts
22
Votes
Don Cuffy's profile image
Don Cuffy's profile image
Don Cuffy
  • Real Estate Agent
  • from Portsmouth, Virginia
  • Member since May 6, 2015
Connect
Don Cuffy
  • Real Estate Agent
  • Portsmouth, VA
22
Votes |
90
Posts
Wholesaling

Buyer backing out after he's already signed the "Contract Assignment"

Don Cuffy
  • Real Estate Agent
  • Portsmouth, VA
Posted

Can a buyer do this? He hasn't submitted his EMD yet but he has signed the contract assignment document. I've already started the title work but than I get an email this morning stating he's backing out because his ARV minimum is 125k. My email I sent him clearly states ARV is 106k for this house. Do I have any type of recourse in this situation? Or has anybody been in this type of situation?

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