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Updated 10 months ago on . Most recent reply

Darrell Kirby's profile image
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Darrell Kirby
  • from Ypsilanti, Michigan
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Darrell Kirby
  • from Ypsilanti, Michigan
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Darrell Kirby
  • Ypsilanti, MI
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Buying & Selling Real Estate

Buyer backed out after closing

Darrell Kirby
  • Ypsilanti, MI
Posted

I had a buyer back out after closing because he did not like his finance companies process. He stopped the wire transfer after the closing. Is there anything that can be done about this? 

Detroit, Michigan
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Russell Brazil
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Russell Brazil
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ModeratorReplied

Read your contract. Many standard contracts state that if you keep the deposit, you are relieving them of additional liability. 

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