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Tina, Lawyer
Category: Legal
Satisfied Customers: 8775
Experience:  JD, BBA Over 25 years legal and business experience.
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What are the maximum penalties I can face out of

Customer Question

What are the maximum penalties I can face for backing out of buying a house because unforseen things hindered me from accumulating all the necessary money needed
Submitted: 5 months ago.
Category: Legal
Expert:  Loren replied 5 months ago.
Good afternoon. I am Loren, a licnesed attorney, and I look forward to assisting you.Does the contract contain a provision for liquidated damages (usually forfeiture of the earnest money), as the sole remedy for the buyer's breach?
Expert:  Loren replied 5 months ago.
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