Legal Question in Real Estate Law in California
buyer failed to perform
i wish to serve a notice to a buyer of my home. the buyer
failed to perform at the closing date of our escrow..
please advise type of notice to serve and basic content
etc.
4 Answers from Attorneys
Re: buyer failed to perform
You will need an accurate letter and close of escrow instructions. You may contact me.
Re: buyer failed to perform
You may have a right to sue for your damages. Some contracts require arbitration or mediation.
You may also have a right to sue for specific performance. Sometimes, you can retain the deposit. Please contact our office at 714 363 0220 if you want us to review your contract and provide you with advice.
Re: buyer failed to perform
It depends on how you choose to handle the buyer's breach. Do you want to demand performance? Do you want to rescing escrow and keep earnest money deposit?
If you will provide additional facts, I can provide additional direction for you.
Feel free to do so either by phone (626) 578-0708 or online at www.No-Probate.com
Re: buyer failed to perform
Depends on what you want. Simply state in the letter what you wish and give him a date. Also check the contract for penalties for breach, and requirements (e.g. notice, mediation, etc.).
Joel Selik
Licensed
Broker & Attorney
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
