Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply presented by

User Stats

122
Posts
33
Votes
Yiftach Ilyov
  • Specialist
  • Tampa, FL
33
Votes |
122
Posts

Seller wants to cancel a day before closing

Yiftach Ilyov
  • Specialist
  • Tampa, FL
Posted
So a day before closing I got an email from the title company stating the seller wants to cancel the deal. What are my options ? Someone was in that spot and can shed light on with his/hers experience?

Most Popular Reply

User Stats

1,730
Posts
1,511
Votes
Jason Hirko
  • Lender
  • San Antonio, TX
1,511
Votes |
1,730
Posts
Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Yiftach Ilyov Don't listen to the people telling you that you're only going to be able to get your expenses back. Courts can and will 'force them to sign'... it's called specific performance. In Texas, I can file a Memorandum of Contract on the property for two hours of an attorney's time and a filing fee and the seller won't be able to get clear title from a title company down the road. Definitely call your lawyer. Now, if she can't pay off all the liens with your purchase price, that gets tricky, but don't let the title company be lazy and tell you she can cancel the contract. 

Loading replies...