Cash Buyer Trying to Steal My Wholesale Deal?

[Jeffrey Butler]

Hi everyone, 

I have a property under contract in NY state. It's under contract with the seller and under contract with the cash buyer. I am assigning the contract to the cash buyer. 

The buyer has been delaying the process and given every excuse under the sun on why we don't have a closing date yet. Last minute he switched his attorney and now he's saying he needs another survey done. Recently I learned from other investors and wholesalers in the area that this buyer is notorious for getting the property under contract then letting the contract expire and going directly to the seller afterwards to buy directly from them or wholesale it themselves. He is also known for not paying contractors. Doesn't have a good reputation in the local RE community.

I have spoken with my attorney and he says there might be a way to put a quick time limit on the transaction to force the buyer to close within the next week or so before the contract expires. There's about 2 weeks until it expires and I'm getting extremely nervous. This is my first deal and I NEED IT TO GO THROUGH. I'm trying to see if there's a way to back out of the deal and assign it to another buyer asap. 

If anyone has any ideas or feedback, I would greatly appreciate it! Thank you!