Started By
Message

re: Backing out of Purchase Agreement

Posted on 5/27/15 at 6:34 pm to
Posted by blueboxer1119
Baton Rouge
Member since May 2013
7998 posts
Posted on 5/27/15 at 6:34 pm to
That I couldn't tell you.
Posted by Overbrook
Member since May 2013
6088 posts
Posted on 5/27/15 at 6:39 pm to
Lawyers like yours give lawyers a bad name. Trying to take advantage of the ignorant. Because someone how knows the law would offer you actual damages and make you take them to court for anything more, and watch your attorney fees exceed the damages you receive.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
7998 posts
Posted on 5/27/15 at 6:41 pm to
quote:

ETA: Clearly you want to be a jerk, so just remove that part of your OP and I have no issue.


Done. Now you can take a deep breath and calm down.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
7998 posts
Posted on 5/27/15 at 6:45 pm to
I knew having attorneys in my immediate family would be useful.

My attorneys fee is picking up the tab for golf this weekend.

Thanks for the concern though.
Posted by LNCHBOX
70448
Member since Jun 2009
84118 posts
Posted on 5/27/15 at 6:46 pm to
You're the one that's hellbent on getting people here to agree with your actions. Not going to happen brochacho
Posted by LNCHBOX
70448
Member since Jun 2009
84118 posts
Posted on 5/27/15 at 6:47 pm to
quote:

I knew having attorneys in my immediate family would be useful.


An a-hole related to an a-hole lawyer. Shocking revelation is shocking.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 5/27/15 at 6:52 pm to
quote:

I knew having attorneys in my immediate family would be useful.
My attorneys fee is picking up the tab for golf this weekend.


Oh wow. Class A douche bag is what we have here. I hope you get your arse handed to you and hopefully learn a lesson.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
7998 posts
Posted on 5/27/15 at 6:52 pm to
You're an angry person bro. It's actually comical.

Drink a beer a take a Xanax (or three) and try to relax.

Posted by LNCHBOX
70448
Member since Jun 2009
84118 posts
Posted on 5/27/15 at 6:57 pm to
I'm sorry we couldn't give you the validation you need.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 5/27/15 at 7:05 pm to
Your contract says you can sue for 10% of sales price in compensation for the breach.

If you or your attorney family member things you are going to convince a judge that it means you receive 10% for the breach and not "up to 10% to cover expenses" you are insane or paying the judge
This post was edited on 5/27/15 at 7:08 pm
Posted by blueboxer1119
Baton Rouge
Member since May 2013
7998 posts
Posted on 5/27/15 at 7:09 pm to
I won't sue. I'll just make them think I will by sending a scary demand letter from an attorney.



Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 5/27/15 at 7:12 pm to
quote:

I won't sue. I'll just make them think I will by sending a scary demand letter from an attorney.


Were you fleecing them on the purchase price? Why don't you just take their deposit, ask some small "fee" and sell it to someone else. Hard to imagine that wouldn't be a good solution for both parties
Posted by NaturalBeam
Member since Sep 2007
14521 posts
Posted on 5/27/15 at 7:57 pm to
at your starting this thread by "asking" for advice - 5 pages and only 1 post with the validation you were seeking. Since you now admit you had your mind made up from the start and didn't plan on taking anyone's advice adverse to your pre-decided course of action, why did you start the thread under the premise that you did? Could it be - that maybe you realized deep down you are in the wrong? Gasp!

And for the record, I send your scary demand letters for collection clients all the time, knowing it isn't feasible to actually sue them - but it still scares half (usually) into paying. So I don't have a problem with that - but your entitled attitude makes me hope those potential buyers are the half of the knowing public who will tell you to go frick yourself.
Posted by KJason
Baton Rouge
Member since Mar 2008
1199 posts
Posted on 5/27/15 at 8:17 pm to
I would hope the purchaser files a counter suit that ties up your property for a long time until everything gets figured out.

Since it was so detrimental to the op that this house was pending for 10 days, having it tied up in court will surely bankrupt his family for years.

You just went from humble person asking for advice to a dickhead having his $2 lawyer brother in law send a threatening letter to bully a homebuyer.

I was initially trying to give you sound advice as someone who buys, sells, and holds real estate when the entire time I should have called you a dick bag and ignored this thread.
Posted by CubsFanBudMan
Member since Jul 2008
5071 posts
Posted on 5/27/15 at 8:41 pm to
quote:

But the OP's contention on the contract being broken hinges on the buyer's not giving written notification, not on the reason for them backing out.


The way I read the OP, I got the impression that he was pissed at the reason they broke the contract, and was using the oral vs written notification as a way to get back at them.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
7998 posts
Posted on 5/27/15 at 8:47 pm to
I wasn't looking for validation. I thought someone had possibly been in a similar position and found a resolution that didn't involve lawyers. Those were the responses I was hoping to get.

I appreciate the handful of post offering suggestions.

For those that enjoy puffing their chests through the internet by name calling, y'all are worthless.

If your sole reason for responding is to criticize, don't bother responding.

Who'd have thought the money board would turn into the OT?

I won't bother updating the resolution because a few on here may have a coronary. I'd hate to cause that.

Thanks for the help for those that helped.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 5/27/15 at 8:49 pm to
quote:

I won't sue. I'll just make them think I will by sending a scary demand letter from an attorney.



I'm calling BS on some of this story. The RE investors I know have their license or FSBO because they do this enough to know how its done and not have to pay an agent.

Secondly, if you have 6-9 showings cancelled because it went into pending your investment has attraction and will sell easily to one of those showings. Collect the deposit that's in escrow and sell the house to one of the other people. If you're such a savvy investor and money-conscious, you'll come ahead in this deal and won't have to repair an AC unit either...
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71411 posts
Posted on 5/27/15 at 9:15 pm to
After reading this thread, you are being a raging a-hole. Business is business, but you are using a flamethrower to kill an ant pile.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 5/27/15 at 9:26 pm to
quote:

Who'd have thought the money board would turn into the OT?


The problem isn't the money board, the problem is you. Next time don't start a douche bag entitled thread on the money board.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
7998 posts
Posted on 5/27/15 at 9:32 pm to
quote:

The way I read the OP, I got the impression that he was pissed at the reason they broke the contract, and was using the oral vs written notification as a way to get back at them.


Somebody gets it.

Contract was broken due to 10 year old, perfectly functioning AC. I offered to replace the entire thing. No dice.

You tell me who's not acting in good faith?
Jump to page
Page First 3 4 5 6 7 ... 11
Jump to page
first pageprev pagePage 5 of 11Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram