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    Pbowman's Avatar
    Pbowman Posts: 1, Reputation: 1
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    #1

    Nov 13, 2012, 10:24 AM
    Purchase agreement cancellation form
    How can I easily declare that a purchase agreement is cancelled. Closing date was to have have been 8/27/12. I am the seller and the buyer never performed nor is he contacting me in any way. The earnest money check bounced. Does this PA need any formal cancellation?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Nov 13, 2012, 10:28 AM
    No, no formal form needed.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #3

    Nov 13, 2012, 02:21 PM
    Send them a letter by certified mail, and a copy by regular mail, that they have defaulted on the contract and you have declared the contract null and void. Make sure you keep a copy of the letter.
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