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Real Estate
Reply to "Buyer backing out of no contingency contract"
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[quote=Anonymous]OP we had someone cancel their contract on our house. It came as a huge shock b/c we were paying 2 mortgages at the time. They backed out using the HOA clause, which they had a right to do. But we just went right on and relisted the house. We had another contract in a week, which went through without a problem. Lesson learned: you might be better to let them go and move on, then get all embroiled in a legal dispute which keeps your house off the market. It might even be a ploy to wear you down. Six months from now when you are still fighting over that 2K, you may be forced to sell for less.[/quote]
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