Javier A. Lopez and Stephanie Moncada Gomez ()
You have your buyer and you have a fully executed contract … your game of chess has just begun. The unpredictability of the commercial and real estate markets has caused an uptick in real estate litigation from buyers and sellers trying to back out of closings. As with many things, the more work you do at the beginning of the deal—drafting the strongest contract possible—the easier it be will be to get to that closing. Let’s explore various options on how to dissuade a recalcitrant buyer and what to do if a deal falls apart.
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