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We were in escrow for more than 50 days, the buyers back out…

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We were in escrow for...
We were in escrow for more than 50 days, the buyers back out and cancel the purchase. The buyer said because of loss of job and financial hardship. Is this a breach of contract based on the liquidated damages clause law? What can we do? Please advise.
Submitted: 4 months ago.Category: Real Estate Law
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Answered in 59 minutes by:
11/29/2017
Real Estate Lawyer: N Cal Attorney, Lawyer replied 4 months ago
N Cal Attorney
Category: Real Estate Law
Satisfied Customers: 9,648
Experience: Since 1983
Verified

Thank you for your question.

I need to know which State this is in and what the liquidated damage clause in the contract says.

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