- Jurisdiction
- Texas
My question involves real estate located in the State of: Texas
Hi all,
I backed out from a closing prior to closing based upon the contract violation below. The seller now has an attorney and apparently intends to fight release of earnest money ($3500). Before I hire an attorney, I wanted to get some input for you all.
The verbiage below is in the contract addendum - The seller did NOT provide subdivision information until 20+days after effective date of contract. Am I in a good place to win this battle if I hire an attorney?
1. Within days after the effective date of the contract, Seller shall obtain, pay for, and deliver
the Subdivision Information to the Buyer. If Seller delivers the Subdivision Information, Buyer may terminate the contract within 3 days after Buyer receives the Subdivision Information or prior to closing, whichever occurs first, and the earnest money will be refunded to Buyer. If Buyer does not receive the Subdivision Information, Buyer, as Buyer's sole remedy, may terminate the contract at any time prior to closing and the earnest money will be refunded to Buyer.
Thanks!
-Amith
Hi all,
I backed out from a closing prior to closing based upon the contract violation below. The seller now has an attorney and apparently intends to fight release of earnest money ($3500). Before I hire an attorney, I wanted to get some input for you all.
The verbiage below is in the contract addendum - The seller did NOT provide subdivision information until 20+days after effective date of contract. Am I in a good place to win this battle if I hire an attorney?
1. Within days after the effective date of the contract, Seller shall obtain, pay for, and deliver
the Subdivision Information to the Buyer. If Seller delivers the Subdivision Information, Buyer may terminate the contract within 3 days after Buyer receives the Subdivision Information or prior to closing, whichever occurs first, and the earnest money will be refunded to Buyer. If Buyer does not receive the Subdivision Information, Buyer, as Buyer's sole remedy, may terminate the contract at any time prior to closing and the earnest money will be refunded to Buyer.
Thanks!
-Amith