Legal contract means you cannot just walk away
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This is a case of "Let the SELLER beware". Can't just walk away? Virtually every court in the nation agrees that the remedy for breach of contract in these cases is the forfiture of the consideration (earnest money) as liquidated damages in the event the buyer does not perform.
Not to put too fine a point on it, but you might have educated your seller to think carefully about agreeing to a closing date two months out- especially if it came with very little earnest money.
PalmBeachPaul1 1 year ago