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SD Realtor.
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June 30, 2011 at 8:56 AM #18904June 30, 2011 at 10:07 AM #706796
clearfund
ParticipantHuckle – Typically her only recourse is to cancel the sale for non-performance (after issuing the proper notices to perform, of course) and demand the escrow deposit as compensation. Likely her contract says that the deposit amount is her full liquidated damages.
Or she can ask/negotiate for compensation and keep on with it, but the buyer’s are likely under no obligation. It is her decision to fish, or cut bait.
June 30, 2011 at 10:07 AM #708007clearfund
ParticipantHuckle – Typically her only recourse is to cancel the sale for non-performance (after issuing the proper notices to perform, of course) and demand the escrow deposit as compensation. Likely her contract says that the deposit amount is her full liquidated damages.
Or she can ask/negotiate for compensation and keep on with it, but the buyer’s are likely under no obligation. It is her decision to fish, or cut bait.
June 30, 2011 at 10:07 AM #707644clearfund
ParticipantHuckle – Typically her only recourse is to cancel the sale for non-performance (after issuing the proper notices to perform, of course) and demand the escrow deposit as compensation. Likely her contract says that the deposit amount is her full liquidated damages.
Or she can ask/negotiate for compensation and keep on with it, but the buyer’s are likely under no obligation. It is her decision to fish, or cut bait.
June 30, 2011 at 10:07 AM #707493clearfund
ParticipantHuckle – Typically her only recourse is to cancel the sale for non-performance (after issuing the proper notices to perform, of course) and demand the escrow deposit as compensation. Likely her contract says that the deposit amount is her full liquidated damages.
Or she can ask/negotiate for compensation and keep on with it, but the buyer’s are likely under no obligation. It is her decision to fish, or cut bait.
June 30, 2011 at 10:07 AM #706893clearfund
ParticipantHuckle – Typically her only recourse is to cancel the sale for non-performance (after issuing the proper notices to perform, of course) and demand the escrow deposit as compensation. Likely her contract says that the deposit amount is her full liquidated damages.
Or she can ask/negotiate for compensation and keep on with it, but the buyer’s are likely under no obligation. It is her decision to fish, or cut bait.
June 30, 2011 at 12:23 PM #706907SD Realtor
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
June 30, 2011 at 12:23 PM #707657SD Realtor
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
June 30, 2011 at 12:23 PM #708022SD Realtor
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
June 30, 2011 at 12:23 PM #706809SD Realtor
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
June 30, 2011 at 12:23 PM #707507SD Realtor
ParticipantI would agree… check the purchase agreement as you may be able to get up to 3% for liquidated damages but that will be your responsibility to collect it through whatever means you can or are obligated to go through be it mediation/arbitration or court.
You can try to stay in escrow and get an addendum where the buyers will pay for your expense due to the mistake they made but both parties need to agree to that. Try to hold a good poker face and threaten to cancel if they do not compensate you.
July 1, 2011 at 1:42 AM #706988bake
ParticipantDelays in closing are not uncommon, which is why I’ve always been surprised more contracts aren’t written with a 30 day seller leaseback after close.
July 1, 2011 at 1:42 AM #706889bake
ParticipantDelays in closing are not uncommon, which is why I’ve always been surprised more contracts aren’t written with a 30 day seller leaseback after close.
July 1, 2011 at 1:42 AM #708102bake
ParticipantDelays in closing are not uncommon, which is why I’ve always been surprised more contracts aren’t written with a 30 day seller leaseback after close.
July 1, 2011 at 1:42 AM #707587bake
ParticipantDelays in closing are not uncommon, which is why I’ve always been surprised more contracts aren’t written with a 30 day seller leaseback after close.
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