View Full Version : Buyer backed out of the contract.
christopherandc
Mar 19, 2009, 07:57 AM
I am trying to sell my house. We went into contract with the buyer supposed to come up with a sum of money by a specified date. The buyer ended up not showing up with ANY money even after contacting him multiple times. Do we have any recourse since he basically broke the contract?
Thanks for any help and advice.
{Edited by OP's request}.
ScottGem
Mar 19, 2009, 08:11 AM
No he didn't break the contract. A contract requires two elements. Something of value being offerred in exchange for something of value given in return. Until the buyer fulfilled his end of the contract by providing the money required, the contract wasn't finalized.
christopherandc
Mar 20, 2009, 07:00 AM
Thank you... can you (or someone) please remove this thread? I would like it removed.
I put in a request in the help forum, too.
ScottGem
Mar 20, 2009, 07:03 AM
Sorry, but we don't generally remove threads. One of the benefits of a public forum like this is an archive of questions and answers. Someone with a similar issue might be looking for an answer and find this thread helpful.