Ambassador
1,029,703
1,029,703
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor
Isn't it funny how different real estate is in other areas? I've been doing real estate for decades and don't know what an assignment is, what a PA is, and why is the closing date in the addendum and not the contract?
Having said all that, I agree with Lyn Sims - move along to the next house.
Apr 23, 2016 12:17 AM
Upvote
1
-
Susan Emo
Kingston, ON
Rainmaker
7,870,816
7,870,816
Retired - Gaithersburg, MD
Rainmaker
5,583,328
5,583,328
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team
seeking legal counsel is their only option.... but I do know that an agreement must be fully executed and that includes all addenda....
Apr 22, 2016 11:55 PM
Upvote
1
-
Pete Xavier
Pacific Palisades, CA
Rainmaker
1,847,731
1,847,731
Schaumburg, IL
Real Estate Broker Retired
Depending on your state I would say you have nothing. Move along to another property.
Apr 22, 2016 11:16 PM
Upvote
1
-
Mimi Foster
Colorado Springs, CO
Rainmaker
1,598,452
1,598,452
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent
Rainmaker
2,071,025
2,071,025
SIB Realty - Sunny Isles Beach, FL
Rainer
4,250
4,250
Jan McCoy Properties - Clarkston, WA
Real Estate Brokerage Wa & Idaho
It is a VOIDABLE CONTRACT. If your client wants out best to assist with that in order to represent client as to your duties, especially since the paperwork wasn't completed properly.
Good luck!
Apr 23, 2016 12:05 PM
Rainmaker
3,986,308
3,986,308
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.
I don't know about in your state, but you need to make YOU did everything right
Apr 23, 2016 11:46 AM
Ambassador
2,684,769
2,684,769
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker
Ambassador
6,424,817
6,424,817
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671
Rainmaker
1,506,923
1,506,923
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties
Contact a lawyer in your state. I can't advise as I'm not a lawyer and don't know which state you're in.
Apr 23, 2016 05:28 AM
Rainmaker
4,800,132
4,800,132
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate
Rainmaker
1,242,204
1,242,204
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe
In our area there is a cancellation form by its own entity for refund of EMD.
Apr 23, 2016 04:45 AM
Rainmaker
921,504
921,504
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ
How did it turn out?
The buyer eventually gets the money back in Florida. (99%)
How it will turn out for you is anybodies guess.
Time to consult your Broker and find out if you have a hand to play or is it bluff all the way.
Of course you are aware you have left out volumes of data that is required to make even a swag response. Turn to someone who is there and who you are paying a fee exactly for moments like this
Apr 23, 2016 04:12 AM
Rainmaker
634,532
634,532
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales
With the usual legal disclaimer.... my opinion is no date = no contract.
Apr 23, 2016 03:26 AM
Rainmaker
1,057,554
1,057,554
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text
Agree with all who think your buyer needs to consult legal counsel, but here's my Q: ask the attorney if the contract automatically reverts back to the original buyer if the assignee bails?
In AZ, I 'BELIEVE' that if the assignee bails, the original buyer would still be bound by the contract until/unless they bail too, and then seller pursues remedies unless buyer had a contingency. I am asking my legal beagle this on MONDAY!
Apr 23, 2016 02:03 AM
Rainmaker
1,027,602
1,027,602
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.
In our area, without a closing date, you don't have an enforceable contract.
Apr 23, 2016 12:07 AM
Ambassador
2,190,182
2,190,182
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
As you said, their best bet is seeking legal counsel. That said, my opinion is... without a closing date it's going to get dicey to enforce.
Apr 23, 2016 12:04 AM
Rainmaker
4,906,660
4,906,660
Dallas, TX
REALTOR®, Broker
Rainmaker
2,785,456
2,785,456
people first...then business Ran Right Realty - Riverside, CA
agent & author
If the contract references the addendum, anyone would want to see it to understand the entire agreement
Apr 22, 2016 11:36 PM
Rainmaker
4,434,177
4,434,177
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
Rainmaker
4,584,196
4,584,196
Pasadena, CA
Pasadena And Southern California 818.516.4393
Rainmaker
3,071,589
3,071,589
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty
Ambassador
3,744,348
3,744,348
RLAH@properties - Washington, DC
Home in the Capital
He should talk to an attorney. Unless you've passed the bar, answering questios like this is above your pay grade!
Apr 22, 2016 11:10 PM