Legal Question in Real Estate Law in Ohio

Cancelling Real Estate Purchase Contract

Other that forfeiting earnest money deposit, is there a penalty for cancelling real estatge purchase contract in Ohio?


Asked on 8/28/07, 2:51 pm

1 Answer from Attorneys
Robert Rosplock Rosplock & Perez

Re: Cancelling Real Estate Purchase Contract

Unless the contract limits damages to forfeiture of the earnest money, it is possible for the seller to sue the buyer for damages from breach Such damages can easily exceed the earnest money deposit.

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Answered on 8/28/07, 4:07 pm


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