Legal Question in Real Estate Law in California

My friend put his condo up for sale with a real estate company and the agent did not have him sign a contract, an offer was excepted and buyer's were to be all cash deal. 11 day's into escrow ,buyer's cancelled and he found out that no deposit was made for this transaction. they did ask for repairs to be made and seller made them. Is there any recourse?


Asked on 10/17/11, 11:59 am

1 Answer from Attorneys
Anthony Roach Law Office of Anthony A. Roach

Normally when a buyer breaches, the seller can sue, and look to the deposit for damages. In this particular case, the issue is what are the damages the buyer has? Damages are normally the difference between the amount this buyer would have paid, and the sale when the seller covers and sells to someone else at a lower price.

Read more
Answered on 10/17/11, 12:47 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in California