Mechanicsville, VA asked in Real Estate Law for Virginia

Q: Legal advice on purchaser wanting to terminate real estate purchase agreement. We have a binding contract.

Inspection has been done and accepted. Sewer has been pumped out and satisfied. Water well paid for a year. As far as we know everything on our end has been done. Appraisal has been done by purchaser but we do not know what the report is. Purchaser is obtaining a VA loan and has now asked to be released and terminated from contract without any reason or explanation. The contract is binding through a MLS realtor. What is our recourse in this matter and if we do not release it. How much is the fee for a lawyer to take this case.

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1 Lawyer Answer
Ross Cameron Hart
Ross Cameron Hart
  • Salem, VA
  • Licensed in Virginia

A: This forum is designed and good for simple, general questions that will get you to the 'next step' for legal situations. Sometimes all people need is a simple answer. From the facts you’ve given, it seems that you need a lot more than an internet answer. Find and sit down with an experienced attorney in your area – there is a ‘search’ feature that can help you.

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