Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply,but rest assured, I am working on your question.
What is the reason for you wanting to terminate the contract?
How much have you wired to the escrow company....the entire purchase price?
No closing has occurred yet, correct?
Ok, if the closing hasn't occurred yet, you can always refuse to move forward with it and sign any closing documents. At that point it would be up to the seller as to whether they would accept the liquidated damages or whether they wanted to sue for "specific performance" to get a judge to order the sale to go through.
If you have all the money wired in then the seller may decide it is worth suing over to force the sale to continue, even though that could take a year and tens of thousands in attorney fees..
I am sorry but I do not participate in the phone call program for the site and limit my interaction with customers only to the website. I like to have time to think about a customer’s question and research it so I can provide the best answer possible.
However, if you wish to have a phone call with an attorney, you can post a request for "additional services" and your request will post to other experts that do offer this service. When another attorney accepts your request you will get additional instructions.