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All Forum Posts by: H J.

H J. has started 8 posts and replied 36 times.

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5
@

Ryan Evans


My wholesale fee was going to be $5000. Instead this will be a costly learning experience. Should have done a better job shepherding the whole thing through quicker.

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5
@Joe Splitrock

Good suggestions. I have not paid the buyer the $1000 earnest money. I do owe it to them though and will pay them one way or another. 

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5
@Theresa Harris

Good suggestion. just aim to break even and move on. Thank you.

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5
@Jonathan R McLaughlin
I think you're right. Probably not worth the cost. Better to negotiate for a mutually beneficial settlement. Thank you.

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5

@Marc Rose   you're right that the cost of pursuing it may be too great given the potential gain. Thank you.


Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5

@Syed H.  Thank you. I'm also concerned that a judge would be sympathetic to them. And I have no proof. 

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5

@Michael Gilman Good questions. Contract says regarding seller default:

"If seller defaults, buyer may pursue all remedies allowed by

law and seller agrees to be responsible for all costs incurred by buyer as a result of sellers default."

This is in Georgia. You're right that most people will just move on. But buyers rightly feel they have legal right to buy this property. They spent money and time and we hired attorney to work for a year on it. But you're right that i should consult with local attorney, and see if we can get monetary damages. Thank you. 

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5
@Ben Zimmerman

Thank you for your thoughts. I also thought all contract terms remain even after death. But will look into it.

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5
@Wayne Brooks

No, the contract did not specify the heirs. Will look into what the laws are on that. Thank you.

Post: Seller dies, and Daughter Refusing to Honor Contract

H J.Posted
  • Norcross, GA
  • Posts 36
  • Votes 5
Wayne Brooks... it was a wholesale deal. Have not closed on it because owner died and daughter is refusing to honor the contract.