Legal Question in Real Estate Law in North Carolina
Broken real estate contract
We have a condo conversion property that we signed a contrsct with a buyer in August.
It was due to close last week - the buyer decided she did not want to buy it any more - even though all her items on the checklist were done . Our real estate agent said she was not going to show at closing - now
she also wants her earnest money back too - My agent faxed her a form to get out of the deal but she never signed it - what are our options?
Asked on 1/15/07, 9:04 pm
1 Answer from Attorneys
Dennis Gibson
Law Office of Dennis Gibson
Re: Broken real estate contract
The contract provisions would likely control this situation. Look to see if any provisions address the return of earnest money.
Answered on 1/16/07, 10:57 am