Virginia  |  Real Estate Law

Legal Question

Asked on: 10/23/13, 7:04 pm

Seller is in default for a house contract because they failed to close on time and they failed to do the necessary repairs based on the house inspection report that they agreed to. Now they are asking for contract release and are only willing to refund the earnest money back to us not the damages for house inspection and appraisal. If we, the buyer, refuse to sign the contract release, what is the consequence?

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