Brevard, NC asked in Contracts for Missouri

Q: FSBO buyer backed out last minute after signing contract, now demands lower price. Has not paid the $1000 escrow...

daughter and husband doing a FSBO, buyer playing delay game for 60 days, now at last minute is demanding lower price, much earlier move date, and has not even paid the earnest money yet. Seller and buyer both military. Buyer paying cash (supposedly). Has lots of excuses and stories along the way. Buyer has possession of the contract because the husband (B) had to take it to his wife to initial. Now refuses to return the contract

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1 Lawyer Answer
Ronald J. Eisenberg
Ronald J. Eisenberg
  • Chesterfield, MO
  • Licensed in Missouri

A: You didn't ask a question. I am not sure if this is a NC matter or a MO matter. Assuming it's the later, I recommend the sellers meet with the Missouri attorney. If only the buyer has the contract and a signed contract is necessary for the sellers to enforce it, then the sellers have a large problem because the buyer may claim the contract was never fully executed.

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