Legal Question in Real Estate Law in Florida

Cancellation of Contract
We received a contract on our house, the night before closing the buyer showed up to have an inspection (should've been done 5 days before closing), they noticed a leak in the attic (which we had fixed 2 months prior, it was still leaking though, it was in the disclosure paperwork that the buyer signed though), we offered to fix it again (they only wanted us to be liable for $500 in damages on the contract, the repair cost us $1,000 but we paid for it all anyways, because it needed to be fixed) the closing was pushed back a couple days to allow for repair (which was finished within 3 business days). The buyer kept asking for an extension on the closing date because they hadn't turned in proof of insurance to us yet (as stated in the contract), we extended the contract 2 more times, we finally had them sign an addendum stating that they would have the paperwork turned in by a certain date/time and close by a certain date/time (both of which were missed also) or we (the sellers) would retain their escrow money and they signed it. Now they are refusing to sign a cancellation of contract to disburse the money to us, because they want it disbursed back to them. Is there anything we can do about this legally?

Asked on 3/26/08, 1:17 pm

Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

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Re: Cancellation of Contract

Retain competent counsel.

Answered on 3/26/08, 5:37 pm

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