回复:strange, if till that late,after escrow/close, both parties s

来源: 2009-07-02 14:18:18 [旧帖] [给我悄悄话] 本文已被阅读:

Now, the question is getting deeper and deeper:

If the buyer back out during these 3 days, they will lose deposit up to 3% MAX, plus the cost of the loan (3 days interest, closing cost, etc) and they have to return the loan (they can get downpayment back because it is to bank, not seller). That’s it. Actually this is last chance to give buyer a opportunity to run away (What happened if the house burn out during these 3 days?);

If the seller back out during these 3 days, buyer can sue seller for monetary damage or special performance (force seller to sell the house to buyer through court action). The only case is IF seller suddenly finds there is gold under house, they will take house back.

In this sample, if buyer do the painting, repair or other alternation, seller can sue (I am not sure this is a good word) the buyer.

In general, law protect buyer more than seller because buyer is consumer.