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Maverick, Lawyer
Category: Real Estate Law
Satisfied Customers: 6391
Experience:  20 years professional experience
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I am an 80 year old woman moving from Georgia to New

Customer Question

I am an 80 year old woman moving from Georgia to New Hampshire. I put my house up for sale and accepted an offer 6/21/16. As of today 8/22 I still haven't closed. Three closing dates have been missed do to things that are any fault of my own. I have spent about $2000.00 in travel expenses to have my daughter flown to help me with all that needs to be done. I have also put $10,000 down on a home in New Hampshire that I am in jeopardy of losing if my house doesn't close soon as I need the money to pay for it. Is there any way to recoup. my losses.
Submitted: 11 months ago.
Category: Real Estate Law
Expert:  Attyadvisor replied 11 months ago.

Welcome and thank you for your question. I will be the professional that will be assisting you.

Expert:  Attyadvisor replied 11 months ago.

There needs to be valid reason for the delay. Is the purchaser having an issue getting approved for a mortgage loan? What was the initial closing date on the contract? Do you have a signed listing agreement with the agent?

Expert:  Maverick replied 11 months ago.

Welcome! My name is Maverick. Please give me a few minutes to analyze and/or research your inquiry and I will be back.

Expert:  Maverick replied 11 months ago.

If the closing delays are no fault of your own and you did not agree to delay the closing, then you should be able to hold the buyer's feet to the fire and argue breach unless there is some exception in the sale contract that allows for the delay; such as, for example, not being able qualify for a loan. If you can show breach then you can sue or threaten to sue for the benefit of your bargain and/or any consequential damages that you suffer if the sale does not go through as per the terms of the contract.

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