What happens if a closing is delayed by the seller in a cash deal?

Q: My closing has been delayed, due to the seller delayed in providing documentation to the title company. (Swissvale, PA)

A: The issue would be whether the seller breached the sales agreement. Your sales agreement should specifically define the terms of what constitutes breach. In your case it may be a failure to close within X amount of days. The sales agreement will also spell out consequential damages that apply for such a breach. These damages may be limited to the return of the hand money or could possibly provide consequential damages. Have an attorney review the document immediately, especially if you want out of the contract. You may have so many days to react to the breach.

If you feel like this issue relates to you, or a problem that you are experiencing, please contact me so that we can discuss your situation.