Legal remedies when buyer skips out on closing

Q: We are under contract to sell our single-family house and settlement was to have occurred a week ago. Our buyers did not show up at the title attorney's office on the date spelled out in the sales contract, despite having been given notice of the time and place. Our real estate agent has not been able to get an explanation. What remedies do we have against the buyers?

A: Your sales contract should spell out what rights and remedies you have if your buyer is in default. But first, you have to make absolutely sure that there is a default.

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