Q: When the seller rejects an amendment, what happens?
What right does the seller still have? Recently we rejected an amendment, buyer is now threatening court, closing, or cash to end this problem. I would like to know what we can do legally.
A: In general, a Seller has no legal obligation to accept an amendment the Buyer may offer, after the terms of the Offer to Purchase have been agreed to. The Seller's obligation is only the terms of the original Offer to Purchase signed by both parties. The Buyer may have other legal remedies based on this original Offer to Purchase, but under the facts given here I cannot determine that. I suggest you consult with a real estate attorney in your area to have your Offer to Purchase reviewed by a professional who can look through it and answer your questions.
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