Legal Question in Real Estate Law in Michigan
Backing out at the last minute
A purchase agreement was signed, and with one week until closing the buyer of my house is trying to back out. I have purchased another house, paid for city inspections, brought the house up to code, packed, paid for storage... and much more. Can I sue, and what can I expect to get out of this horrible situation. Thank you for your assistance.
1 Answer from Attorneys
Re: Backing out at the last minute
Did you get a substantial earnest money deposit from your buyer? Did you make the purchase of your new house contingent upon the closing of the old house? If not, you are probably out of luck. You could sue the buyer, but it would be difficult to get a court order forcing him to buy your house. For more info., please contact my office at my phone number listed on the lawguru website.
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