2 contracts on 1 house

[ATSproperty]

What is the name of your state (only U.S. law)? Tx.

Hello,
I would like to see how other professionals would handle this problem.

I have a contract on a house. It is the 3rd contract. The first 1 was put on hold because seller could not get tenant out of house. The close date had come and gone by the time they evicted. 2nd contract was same as first but new price because of damage tenant caused and new dates. It happen to be in dec. now so holidays,damage,and price proved hard to wholesale. I re-negotiated with seller one day before contract ended.(although in 2nd contract I had 60 day extension)3rd contract, we agreed on lower price, assume mortgage and do owner financing, a few days later selller says i dont want to do that i need the money, my relative wants to buy. I say sorry we have a contract. A few days later I get told I wont sell to you. Now today I find out she signed a contract with another guy a few days earlier. He got a memorandum and I did not. I have 2 to 4 end buyers because I keep working on it to close as cash instead of O/F. besides attorneys what is the integrity thing to do? I dont think walking away is the answer.
Thanks for your input.

 

[FlyingRon]

I can't understand what you are saying. Are you the buyer or the seller. I can't figure out where all the financing issues you keep throwing in fit into this nor your relatives.

We can't say what contracts are in force and what have priority without seeing them. I don't understand how it is that five contracts get signed without knowing if or what of the previous ones are rescinded.

 

[ATSproperty]

in Short, I have a signed contract with a seller (i am the buyer/wholesaler) The seller signed another contract with another buyer/wholesaler.

 

[HomeGuru]

What is the name of your state (only U.S. law)? Tx.

Hello,
I would like to see how other professionals would handle this problem.

I have a contract on a house. It is the 3rd contract. The first 1 was put on hold because seller could not get tenant out of house. The close date had come and gone by the time they evicted. 2nd contract was same as first but new price because of damage tenant caused and new dates. It happen to be in dec. now so holidays,damage,and price proved hard to wholesale. I re-negotiated with seller one day before contract ended.(although in 2nd contract I had 60 day extension)3rd contract, we agreed on lower price, assume mortgage and do owner financing, a few days later selller says i dont want to do that i need the money, my relative wants to buy. I say sorry we have a contract. A few days later I get told I wont sell to you. Now today I find out she signed a contract with another guy a few days earlier. He got a memorandum and I did not. I have 2 to 4 end buyers because I keep working on it to close as cash instead of O/F. besides attorneys what is the integrity thing to do? I dont think walking away is the answer.
Thanks for your input.

**A: there is a scam going on. You need legal counsel like yesterday.