What to do if the buyer continually does not meet the closing date and keeps having addendums to extend the closing?
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What to do if the buyer continually does not meet the closing date and keeps having addendums to extend the closing?
Asked on November 24, 2012 under Real Estate Law, Pennsylvania
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Given the situation that you are in about extended closing dates you should consult with a real estate attorney about asking for a good chunk of money to be paid by the buyer to extend the closing date of the escrow that is not refundable. The other option is to not extend the closing date and cancel the escrow if the buyer cannot close by the date agreed to.
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