MMMadcow wrote:
I have a question....say a family put an offer on a home, offer was accepted, time ticks by, all is supposedly well. An appointment is made, by the sellers, to sign at THEIR choice of title company. Less than two weeks before closing, we get word that the house doesn't have a clear title, the home is probably going into foreclosure, and our present home is no longer ours as of May 1.
Legally, I can hunt down this prick and beat him with assorted sticks, of my choosing. Correct?
Does your real estate contract have a break fee? (or cancellation fee, etc., from the buy sell agreement) This depends on the contract though, some have contingencies for these situations.
Probably no fun getting a break fee from someone currently 90+ days past due, but worth a shot if its in the contract.