Q: Is there any clause that can force the seller to pay damages if he fails to close on the agreed date without any prior notification? My closing was supposed to be on a particular date. But when I requested confirmation, the seller didn't respond. I was waiting for any reply. The seller's attorney didn't even pick up the phone calls from my lender or title agency. After seven days, my attorney sent documents to the seller. The seller did respond seven days after that when I said that I was going to close the deal if he didn't respond by the next day. After 14 days of stress and mental harassment, the seller agreed to close on a date 14 days after the closing date in the contract! He didn't respond to any of the mail I sent him through the entire transaction, including a lett...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.