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Real Estate
Reply to "Buyer backing out of no contingency contract"
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[quote=Anonymous]They are in breach of contract. A letter from a lawyer to the buyers stating that if they don't go through with the contract, you will sue them and pursue every type of possible remedy might cause them to reconsider walking away from the contract. Also, if you re-list the house and your highest offer is less than the contract price, you could sue the buyers for the difference between the contract price and their offer. Bottom line- you need a lawyer ASAP.[/quote]
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