cancellation: No escrow deposit or signed instructions but Buyer refuses to cancel. - 04/23/13 09:29 AM
I have a situation where escrow never received the buyers deposit AND no escrow instructions have been executed by either party. We are now into this transaction for 2 months and the closing date is no later than 90 days from acceptance of the purchase agreement. Buyer still wants the home but will not deposit money or return signed instructions. Seller provides buyer with a notice to perform followed by a signed cancellation instruction. Buyer refuses to sign cancellation.

Seller is forced to open escrow elsewhere because the escrow company will not allow a new transaction to begin without a … (1 comments)

 
Diane Wheatley, Broker, SoCal Real Estate Expert (909) 815-4499 (Move Up Properties)

Diane Wheatley

Broker, SoCal Real Estate Expert (909) 815-4499

Rancho Cucamonga, CA

More about me…

Move Up Properties

Address: 2335 Foothill Blvd., Suite 5, Upland, CA, 91786

Office: (909) 981-5400

Mobile: (909) 815-4499

Survived the mortgage meltdown and live to teach others how to buy and sell in the "move up" market in California.



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