Legal Question in Real Estate Law in Michigan

I am a seller in Michigan and we just found out our buyer want to walk away from our signed agreement without any reason. Inspections have been completed and we have signed off on all contingencies. Are we entitled to more than just the buyer's EM if we paid for some of the inspections and contractors to fix some of the issues on the contingency?

John

Michigan


Asked on 6/25/10, 6:47 am

2 Answers from Attorneys
JASSI SACHDEV LAW OFFICES OF JASSI S. SACHDEV, P.C.

How was your purchase agreement worded? Did it provide for who pays for what? The language will rule.

I would be happy to review the contract. The EM should have at least covered the expected expenses.

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Answered on 7/01/10, 7:22 pm
Shelly Schellenberg MI & FL private practice

Your purchase agreement may have a specific performance clause. You may be entitled to the expenses that you paid in order to keep the deal together. Did the buyer sign off on all contingencies? What does your Realtor say about the earnest money deposit? Who is holding the deposit? If the deal is a for-sale-by-owner transaction, you will have a harder time keeping the money, and will need an attorney to do this.

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Answered on 8/06/10, 11:24 am


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