Legal Question in Real Estate Law in California

Buyer Refuses to Sign Close of Escrow Agreement

I have a vindictive buyer who will not sign this agreement. We sent it 3 days ago and the expiration period is tomorrow. Question: Can I pursue a new buyer when the time period expires without fear of them contesting any new sale? I live in Folsom California.


Asked on 5/01/09, 12:08 am

2 Answers from Attorneys
Larry Rothman Larry Rothman & Associates

Re: Buyer Refuses to Sign Close of Escrow Agreement

You may have the right to sue for specific peformance and/or damages. We would have to review your agreements and documentation. Please contact us if you have any other questions.

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Answered on 5/01/09, 6:48 pm
Deborah Barron Barron Law Corporation

Re: Buyer Refuses to Sign Close of Escrow Agreement

As long as all contingencies have been lifted, escrow must close. It is a breach of contract by the buyer. If you want to cancel the purchase agreement, you should have the buyer sign a release to cancel the escrow so you can open a new escrow with a new buyer. A Title co. will require this. Get something in writing from the buyer that they are not going forward with the purchase and close of escrow.

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Answered on 5/01/09, 10:30 am


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