InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Buyer Can't Close Posted by Jk on May 06, 2003 at 6:42 PM A buyer has turned a 30 day escrow into a 60 day and they still can't seem to fund their loan. I've talked to escrow and they say I need to get the buyer to sign cancellation instructions to cancel the escrow and the buyer is refusing. What is the best way for a seller to protect themself from this and what legal clause can be put into the sales agreement to allow the seller to cancel in the future if the buyer can't close? Follow Ups: Re: Buyer Can't Close Jorge 11:32 PM, 05/06/03 (0) Re: Buyer Can't Close SeanW 7:25 PM, 05/06/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : A buyer has turned a 30 day escrow into a 60 day and they still can't seem to fund their loan. I've talked to escrow and they say I need to get the buyer to sign cancellation instructions to cancel the escrow and the buyer is refusing. What is the best way for a seller to protect themself from this and what legal clause can be put into the sales agreement to allow the seller to cancel in the future if the buyer can't close? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455