Asked by Amanda Klecker, Woodbury, MN • Thu Oct 16, 2008
We sold our townhouse and it was set to close on October 30th. On October 12th the Seller's realtor left a message for my realtor stating the buyer's bank account was frozen and they need to back out as they were paying all cash (they are from France by the way). My realtor has contacted her several times in the last week leaving message after message to get more information and to get the Buyers to sign the cancellation agreement so we can get the $1,000.00 earnest money. Problem is now we are paying two mortgages becuase we bought our new house as soon as we had a signed contract.
Is there anything I can do? I'm wondering how successful a lawsuit would be as they are in France and they supposedly have frozen bank accounts. We are trying to get it rented in the meantime, but technically we can't even have it relisted until they send over the signed cancellation agreement which we have not gotten for a week now.
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