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re: Backing out of Purchase Agreement
Posted on 5/27/15 at 3:31 pm to MikeBRLA
Posted on 5/27/15 at 3:31 pm to MikeBRLA
No court will award you for damages you didn't incur. Like I said, I just went through all this bullshite. I was lucky enough to have a family member who is a real estate attorney and partner in a prominent large firm. If OP wants to be a dick, ask for the deposit. And whether or not he is being a dick is debatable. But going after 10 percent of the selling price is a massive excercise in futility.
1
Posted on 5/27/15 at 3:54 pm to Tigersfan
quote:
No court will award you for damages you didn't incur.
It's not damages, it's a penalty they agreed to pay if they didn't follow through with the agreement. Granted, I haven't read this particular contract.
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