Q: after the real estate contract is signed by both parties the seller and the buyer, the modification letter is sent to
the seller's attorney, the next day the seller's attorney emails a letter of termination based on that both parties cannot get into an agreement, the same day, another letter is sent to the seller's attorney stating that the buyer does agree with all the terms, and the loan is almost done, so the buyer can close in 2 weeks, still the seller's attorney keep refusing it, and tells that the contract is terminated. Is it legal, that the seller is refusing to work with the buyer, though the buyer is agreed to the terms? who is liable for the buyer's expenses in this case?
A: The answers to your questions are very fact specific. Therefore, I recommend consulting the attorney representing you in this transaction. If you do not have an attorney representing you, you absolutely should retain one immediately. Many firms will represent you throughout the entire transaction for a relatively small fee (often just a few hundred dollars), and the value and security we add far exceeds our fees to ensure issues like this do not happen. Also, you may be on the hook for any earnest money deposited, and maybe even more if you missed a deadline and did not provide proper notice within the requisite time period.
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