The Big Question about Broken Real Estate Contracts

Clients often ask me if a court will force a prospective seller who signed a real estate agreement of sale to transfer the property when the seller refuses to close. A party who breaches an ordinary contract may be responsible for money damages. But in the case of real estate, a buyer may ask the […]
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Is a Lease Purchase Option Worth the Expense and Risk?

Lease option agreements are one way to circumvent a financing problem when the buyer has poor credit. A lease option is a lease between a landlord (seller) and a tenant (buyer) but with the option to buy. The tenant has the benefit of consumer protection laws and the right to walk away from the lease […]
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How to Recover Earnest Money Deposit After a Purchase Falls Through

It happens countless times. A prospective buyer tenders a $10,000 deposit to a seller for a residential property. But prior to closing, a financing problem prevents the buyer from completing the sale. Most residential agreements of sale contain a mortgage contingency where the buyer may back out if financing is denied. The buyer is usually […]
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