Profile picture for whachizzler

if you do not close on closing day and contract says that it expires on closing day can buyer walk?

  • March 29 2009 - Alcoa
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

it would also depend on who's fault the failure to close was. 
  • March 29 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for natewolf

It depends on exactly what the terms of the contract state. Some states such as South Carolina have a "time is of the essence" clause with respect to the closing date. Other states, such as in North Carolina, have a more flexible approach to the closing date. They offer a "reasonable" extension of time for either party, with a consideration (money) to be paid to the party who did NOT cause the delay.


Are you the seller or the buyer?

  • March 29 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.