QUESTION
What kind of lawyer do I need? What all is going to happen?
Asked on Dec 03rd, 2021 on Real Estate - Missouri
More details to this question:
We are trying to buy a house and are under contract. We are having problems getting the down that we was supposed to get. I'm positive this is going to default. Do we need a lawyer? What kind of lawyer do we need? I understand we will probably be sued but do we need to get representation? What happens when a buyer defaults on a real estate contract?
1 ANSWER
When in default you will lose the escrow amount. If you are unable to come up with the escrow amount in a breach there is nothing more usually. It is impossible to force someone to buy who lacks the ability.
Answered on Dec 06th, 2021 at 11:37 AM