Failed real estate closings are not unusual in today's market. However, significant liability and repercussions can result from failing to close a real estate transaction.
Some of the reasons for a real estate deal falling through can be related to mortgage financing, a home inspection, appraisal issues, problems with the title to the property, and buyer's remorse, among a slew of many other issues. Whatever the reason, the failure to close a real estate transaction can result in the loss of your deposit and a potential lawsuit from the seller seeking damages from you.
Proactive steps are essential to protecting yourself. Therefore, it is crucial that you have the information necessary from a lawyer to help you navigate your issue, whether you are the seller or the buyer. Fortunately, we can help you, as we have experience dealing with these situations from both the seller and the buyer's perspective.
For more information on your specific situation, contact us by booking a paid consultation online with us at www.bprlitigation.com or emailing us at justin@bprlitigation.com, and we would be happy to arrange an in-person or virtual consultation to assist you further.
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