Q: Seller refusing to close after signing purchase agreement. Any legal options to close the sale per agreement?
I completed a purchase agreement with a private seller to purchase an empty lot of land in Indianapolis. All of the title work is complete and checks out, but the seller cancelled the day of the closing. They have since been avoiding our calls and stalling for the last few months.
The agreement has no termination date.
What legal options do I have?
Is it possible legally obligate them to close the sale as stated in the agreement?
Any other recourse if I can't close the deal?
A: Unless there is liquidated damages written in the contract, the only recourse you have is to recover any earnest money that you put down when you made the offer.
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