Buyers Obligations and Sellers Recourse on Contingencies

[davidirwin]

What is the name of your state? CA

I am the seller of a house. All contingencies have been met so far and the sale was due to close next week. The buyer did not meet their inspection contingency. They met their loan contingency. The buyer wants to delay close by at least two weeks. They "found a better loan." They are willing to cover the extra mortgage and HOA payments. This situation makes me really nervous. Since the buyer did not meet the final contingency what recourse do I have?

Thanks

[HomeGuru]

Originally Posted by davidirwin

What is the name of your state? CA

I am the seller of a house. All contingencies have been met so far and the sale was due to close next week. The buyer did not meet their inspection contingency. They met their loan contingency. The buyer wants to delay close by at least two weeks. They "found a better loan." They are willing to cover the extra mortgage and HOA payments. This situation makes me really nervous. Since the buyer did not meet the final contingency what recourse do I have?

Thanks

**A: please state the exact contingency that the Buyer did not meet.

[davidirwin]

The buyer's own inspection contingency.

Thanks.

[HomeGuru]

Originally Posted by davidirwin

The buyer's own inspection contingency.

Thanks.

**A: state word for word exactly as it is written in the contract.