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Philip Bourdon's profile image
Philip Bourdon's profile image
Philip Bourdon
  • from Pittsburgh, PA
  • Member since Oct 28, 2010

User Stats

87
Posts
14
Votes
Philip Bourdon's profile image
Philip Bourdon's profile image
Philip Bourdon
  • from Pittsburgh, PA
  • Member since Oct 28, 2010
Philip Bourdon
  • Pittsburgh, PA
14
Votes |
87
Posts
Mobile Home Park Investing

First Mobile Home - Deal - Cancelled!

Philip Bourdon
  • Pittsburgh, PA
Posted

Well, after all the congrats I received, I just know read an e-mail from my buyer stating that due to unforseen circumstances she (the buyer) would be unable to complete the sale.

It's been just over 48 hours. I have already cash a $500 deposit. My sales agreement (straight from the Lonnie Scruggs seminar book), does not mention anything regarding "non-refundable."

I don't know if there is any legal time where someone can cancel or not. I don't feel real good about simply giving back a deposit check after a sales agreement was written.

What recourse do I have?

Thanks,

Philip

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