Bedford, IN asked in Contracts for Kentucky

Q: Today is Friday and I am scheduled to close on Monday morning.

The seller waited until Friday evening to inform everyone that they do not have the money they are required to bring to closing and are considerably short (more than $10,000.00) on having what they need. I am thousands of dollars in at this point. I have been maintaining the property since we both signed the contract as well as hours upon hours cleaning the property getting it ready for move in day. I was given the keys last week and told that I was more than welcome to move in if I so chose. What should I do?

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1 Lawyer Answer
Timothy Denison
Timothy Denison
  • Louisville, KY
  • Licensed in Kentucky

A: Move in and take possession. You may have to sue the seller to get the balance you are owed.

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