Is it possible for seller of home to back out of a sales contract?
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Is it possible for seller of home to back out of a sales contract?
Asked on December 11, 2012 under Real Estate Law, Georgia
Answers:
Paula McGill / Paula J. McGill, Attorney at Law
Answered 11 years ago | Contributor
If a seller informs you he is going to breach the contract, read the sales contract to determine if your remedies have been limited. Otherwise, you can sue for specific performance and monetary damages. For this type case, you should consider hiring an experienced real estate litigator.
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