Legal Question in Real Estate Law in Nevada

I have accepted a cash offer for the sale of my home from a party who is out of the country. The contract was signed a week ago and the earnest Money Deposit has not been received (five days overdue). I am told that the wire transfer must go through the Federal Reserve Bank. The buyer's representative claims that he can prove that the transfer was made. Is the Buyer in violation of the contract, and can I stop the sale based on this?


Asked on 7/21/15, 11:09 am

1 Answer from Attorneys
Paul Malikowski Malikowski Law Offices, Ltd.

Your should have your contract reviewed for "time is of the essence" language. Your attorney can explain further.

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Answered on 7/21/15, 1:30 pm


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