Asked by Vwohner, New Milford, NJ • Tue Jul 16, 2013
contract provided for closing "on or about 60 business days from the date of the Contract. They are now a week past that date. I don't think this sale will go through and they are prolonging the process to seek other financing of seeking somewhere to move. The contract says they have 30 days to move if the sale doesn't go through. My attorney wants to set a Time of the Essence date which gives them 4 additional weeks. I want them out so that I can get this house on the market. Am I being unreasonable? Was 4 additional weeks the best option? What action can I take if they exceed the 4 weeks? The contract says they'll lose their $10,000 downpayment if they cancel.
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