Leasor/Seller trying to back out

[twoziels]

What is the name of your state? CA.

A friend asked my advice on a Lease option to purchase Contract that was signed by Leasor/seller & Leasee/Buyer but was not noterized. The contract clearly states the purchase price & that Leasee/Buyer has until July 4, 2006 to to consumate option to purchase. The Lease option to purchase contract is 25 month contract so prices have gone up & now that Leasee/Buyer has the financing set up to close escrow the Leasor/Owner changed her mind and does not want to sell. Leasee/Buyer does not have the money to hire a lawyer but the friend that brought it to me does but does not want put up any money unless his buddy has a strong case.

What are the options for Leasee/Buyer to make seller sell?
What happens if Leasor/Seller takes it to an attorney to fight it, must Leasee/Buyer get an attorney too?
How do these cases generally turn out?

 

[pojo2]

but the friend that brought it to me does but does not want put up any money unless his buddy has a strong case.

So tell your friend that brought it to you from the origianal party to tell his/her buddy to read the contract and find the answer to the question.

They may have a case but unfortunately they do not have the resources to get that contract lived up to by the seller. It would be costly, only a fool would try it on their own, and lengthy.

 

[BelizeBreeze]

There is no legal requirement for a contract to be notorized. This is a valid contract.