• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Buyers 3% Liquidated Damages

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

J

Jeff Grant

Junior Member
My question involves real estate located in the State of: California

I am a Seller on a $2M home in Calif. My Buyer Cancels Escrow on the sale for personal reasons after all contingencies were removed. Is Buyers 3% Liquidated Damages (Deposit in P.A.) a certainty that Buyer will lose their deposits even though the L.D clause requires Buyer & Seller to go to Mediation & Arbitration?
 


You must log in or register to reply here.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top