Q: I had a listing under contract with a buyer/investor/broker who failed to close, and is refusing to sign the release.
We used his title company, as they were able to close quickly, they withheld information from me, that he hadn’t closed.
He showed up to signing, but wired no money. How much time is the buyer allowed to refuse to sign the mutual release? And what can the title company do in a situation like this?
A:
The title company isn’t going to do anything other than hold the money until the parties agree what to do with it or the title company could interplead it into the court.
You need to hire an attorney and decide whether to litigate.
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