Maine Real Estate Contract

Summary

Without a time is of the essence clause in a Maine real estate contract, you may not have the immediate right to terminate if the buyer misses the closing date. Consult a local real estate attorney for precise advice.

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Maine Real Estate Contract - I am seller, buyer is potentially going to miss closing date due to her lender, do I have a legal right to terminate the agreement
Did you include a "time is of the essence" clause in your contract? This clause can give you the right to terminate if the buyer misses the closing date.
No
In Maine, without a "time is of the essence" clause, you may not be able to terminate the contract immediately. Consult a local real estate attorney for precise advice.