What to do if the buyer continually does not meet the closing date and keeps having addendums to extend the closing?

Get Legal Help Today

 Secured with SHA-256 Encryption

What to do if the buyer continually does not meet the closing date and keeps having addendums to extend the closing?

Asked on November 24, 2012 under Real Estate Law, Pennsylvania

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Given the situation that you are in about extended closing dates you should consult with a real estate attorney about asking for a good chunk of money to be paid by the buyer to extend the closing date of the escrow that is not refundable. The other option is to not extend the closing date and cancel the escrow if the buyer cannot close by the date agreed to.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption