Seller back out of contract

[Tam Van]

Can I sue the buyer who back out of contract?

What are pros & cons?

Tha

[Kris Haskins]

this is one of my favorite topics. We always get our deal insurance on every signed contract. The deal insurance is a simple document called the memorandum of contract. We get it signed and notarized and then recorded at the courthouse so the seller never back out of a signed contract.  You may have to cough this one up as a loss but in the future I recommend doing in memorandum on every signed contract. I never do a deal and less I have a memorandum signed because you never know when the seller will want to change his mind