Cancelling a signed contract

[Lyle Cooper]

I signed a contract in Delaware in a sketchy part of town.  It's a hot corner with a lot of drug dealing etc going on outside.

I hired an inspector to evaluate the property and his vehicle was surrounded by the local thugs.  He cancelled the inspection out of fear for his personal safety and his equipment.   So no inspection was done.  I do have an inspection contingency clause in my contract.  I could call another inspector, but at this point I am convinced me no one will rent the apartment from me.

The broker did not deposit the earnest money check, so I cancelled the check.  Is it the wrong thing to do?  OF course.  But I'd rather they fight me for the money than vice versa.

At this point, what is the legal action, the seller can take against me?  What are my defenses?

Thanks.

[Brian Rouse]

I had this same thing done to me. Buyer backed out, cancelled check!! I feel it's a real sh#%*^ way to do business. You should have done your homework before making offer. Or pay the price for backing out.