How much did you pay for your specific performance lawsuit?

[Nat C.]

A seller backed out of a contract for a property I really wanted and it was an amazing deal.

I am looking at pursuing a specific performance lawsuit and I wanted to talk to others who have been through one.

My questions are; how much did the whole lawsuit cost you, did you win and how soon did you act?

I have let some time lapse since the seller backed out and I’m concerned it will negatively affect my case.

[Account Closed]

Originally posted by @Nat C.:

@Michael P.

No, Michael.

 Mine took about 6 months (we settled) cost was about $4,000 and I got $35,000 at settlement which was collecting my "loss". Keep in mind a few things: I kept accurate records of everything. I was able to produce emails, text messages, signed agreements, and I had an experienced attorney who specializes in real estate contracts.

I've been this route before so I understand the process and the system. I go into all agreements with the question in mind "what if a lawsuit is started by either side". I know what to keep and how to prepare for one. They do actually happen from time to time if you invest in real estate for a living. Now I start my conversation with "I honor all of my agreements and I expect you will too." It puts them on notice that this isn't a game.