Q: I sold a house by owner. I have no real estate agent but the buyers have. Closing was on 4/21 but buyer failed because
of lender issues. Buyers agreed to pay monetary compensation to seller for delayed closing. Parties verbally agreed. Seller as per rule sent 3 day notice through email to perform closing. Buyers denied any compensation, signed the loan docs on 4/23 and ready to close. Escrow cannot close on weekends but ready to close and record on 4/26 Monday. 3 day notice expires on weekend 4/24. Seller wants to cancel under 3 day expiry rule. Can seller cancel the deal.
A: it depends. more facts are needed and you need to speak directly with an attorney that handles real estate transactions law. you may end up having to pay more (to an attorney, court fees, and in you are in break then damages to the other side) to fight the sale over a 5 day difference so the real question is what is your reason for wanting to cancel the sale since it is now complete? you may have to consult with an attorney directly before you do anything else.
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