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 ] Re: enforcing specific performance Posted by Jk on September 30, 2003 at 12:41 AM In Reply to: enforcing specific performance posted by kylie on September 30, 2003 at 10:04 AM : Has anyone taken legal action to enforce specific performance when a buyer has failed to show for closing and then tried to cancel the contract? Contract was fully met by both parties for all other requirements. : Was it worth pursuing? : Thanks : Kylie The remedy a Seller has should be outlined in the purchase contract as liquidated damages. The max you can recover by law is 3% of the agreed upon purchase price. Follow Ups: Re: enforcing specific performance steve 0:09 AM, 10/03/03 (1) Liquidated Damages Travis-CA 10:33 AM, 10/04/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Has anyone taken legal action to enforce specific performance when a buyer has failed to show for closing and then tried to cancel the contract? Contract was fully met by both parties for all other requirements. : : Was it worth pursuing? : : Thanks : : Kylie : The remedy a Seller has should be outlined in the purchase contract as liquidated damages. The max you can recover by law is 3% of the agreed upon purchase price. 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. Read our privacy policy.

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