Home Sale Contract Issues

Summary

If youre facing issues with a home sale contract in Iowa and the buyer is unresponsive, you may need to wait for the buyer to breach the contract. If the buyer fails to perform their obligations, this may allow you to terminate the contract. Always consult your lawyer before proceeding.

Full Conversation

Well I am in the middle of selling my home to a buyer out of state and it's now 15 days past the closing date and neither me nor the title company involved has been able to contact the buyer and I feel I may be involved in a scam and need help getting out of this contract
Hello **** Fisher, I'm sorry to hear about your situation. May I know which state you're located in? The laws regarding real estate transactions can vary by location and this information will help me provide you with the most accurate information.
Iowa and the buyer is in New york
I'm sorry to hear about your predicament. In Iowa, you might have the following options:
*. Wait for the buyer to breach the contract.
*. Invoke any contract clause that allows cancellation due to delays.
*. Seek legal advice to explore other options.
Always consult with a local real estate attorney before taking any action.
What if there is no contract clause
If there's no contract clause allowing cancellation in Iowa, then you may need to wait for the buyer to breach the contract. If the buyer fails to perform their obligations, this may allow you to terminate the contract. Always consult your lawyer before proceeding.