Asked by seattlehomeseller, Seattle, WA • Tue Oct 1, 2013
We cancel our agreement with the seller. They wired all the funds to escrow on the last day (on the closing date) and escrow was unable to finish all the paperwork on time. We decided not to wait until next day because we have 2 backup offers which are higher.
What needs to happen before we can sign and accept one of our backup offers? Does escrow needs to return all money to the previous buyer before we can move on to the next offer? Any legal contentions?
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