Here's something most new investors don't know.
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If a seller signs a contract with you and then refuses to close, they can't just walk away. Let me break down exactly what to do.
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Step one: send a cure notice.
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Step two: if they don't fix it in three days, you sue for specific performance. That forces the seller to go through with the sale they agreed to.
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This is real. I've won two of these cases.
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A seller cannot cancel a contract in any state unless you were the one who messed up. Not cold feet. Not a better offer.
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So if a seller says they're not closing, don't panic. As long as you did your part, they MUST close.
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