House Sale Delayed Rights

Summary

If a house sale is delayed, the purchase agreements time is of the essence clause is crucial. Delays may result in breaches of contract, allowing you to retain the deposit or take legal action. Consult a real estate attorney for specific advice.

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I have been trying to sell my house for 5 months. The closing kept getting delayed and we finally went to close on the house, i signed paperwork. The next day i called the tirle company because my agent was talking to me. She said we were not authorized to close. Wondering my rights. No money was exchanged
Hello ****, I'm sorry to hear about your situation. To provide you with the most accurate information, could you please tell me which state you're in? Laws regarding property transactions can vary by location.
Maine
Hello ****,
Here's some general information for Maine:
- The purchase agreement should have a "time is of the essence" clause. If it does, delays could result in breaches of contract.
- If the buyer fails to close, you may retain the deposit.
Please consult a real estate attorney for advice specific to your situation.
So i can go after them for this situation?
Yes, ****. Based on your situation and Maine law:
- If there's a breach of contract, you can potentially take legal action.
- Consult with a real estate attorney for tailored advice.
Always remember that legal matters can be complex, so professional advice is essential.