A common topic that comes up with many sellers is how do I actually enforce my right to liquidated damages. The RPA contains a liquidated damage clause that most parties agree too. But in the event of a buyer breach — how do you actually enforce that remedy. Today we take a look at the […]
Today, in part 5 of our Understanding the CAR Form Series we examine the process to close escrow. The Pittman v. Canham case sets forth the legal precedent related to closing the transaction and what happens when the parties mutually fail to close on time as required by the contract. As always, if you have […]
Today, we continue our look at understanding the RPA. Several questions were received related to recovering the escrow deposit after a buyer’s breach. So we examine this important issue of how to compensate the seller when a buyer breaches and conversely the use of specific performance when a seller breaches the RPA. As always, if […]
