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Updated almost 10 years ago on . Most recent reply

User Stats

304
Posts
112
Votes
Stuart Birdsong
  • Investor
  • Fort Collins, CO
112
Votes |
304
Posts

Closing in 3 days, Seller says he wants to keep the House

Stuart Birdsong
  • Investor
  • Fort Collins, CO
Posted

Hey BPers',

     I ran into a new one today, I have had a property under contract for 10 days and closing is on Friday. Seller informs me today that he wants to keep the house, despite signing a  contract. Contract has specific performance for seller in case of default. I realize he technically has to sell, but would like to come up with a creative strategy to make this work. Thoughts?

Thanks in advance!

Stuart

Most Popular Reply

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6,088
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3,921
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Brian Gibbons
  • Investor
  • Sherman Oaks, CA
3,921
Votes |
6,088
Posts
Brian Gibbons
  • Investor
  • Sherman Oaks, CA
Replied

@Stuart Birdsong

Hard to advise, 

is the profit worth getting a lawyer's expense involved?  

Are you taking title or flipping paper?

Is playing hard ball going to hurt your reputation?

@Bill Gulley

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