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General Real Estate Investing

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Kelvin Letron Brantley
  • Rental Property Investor
  • Fort Mill, SC
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83
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Seller Contract Breach

Kelvin Letron Brantley
  • Rental Property Investor
  • Fort Mill, SC
Posted Jul 29 2019, 07:40
I entered into a contract with seller and found a buyer and contracted with him. Now that I’m submitting my paperwork to the attorney I can’t get in touch with the seller to fill out seller information sheet for attorney. I think that the seller is having second thoughts about the sale. I know that I can sue for breach of contract but my questions are: 1. For a property less than $50k is it worth it? it will be a $7k assignment fee to me. I REALLY would like the $7k but I dont want to spend $5000 in attorney fees to get it. 2. When do I do this? Before or after contract expires. 3. i did not fill out an affidavit to cloud the title. I’m thinking about sending a bird dog out to the property to deliver the paperwork from the attorney. I marketed the property pretty heavily and I’m wondering if another investor contacted him and is trying to take the deal out from under me. Is there anything I can do to save this deal? Thanks! Letron

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