Home Forums Hunting & Shooting Hunter's Campfire Land deal gone bad at closing options??

I hope you get it, bc 100AC is 100AC.

As for the advice here, I like the sound of Elkslayer (get the boat anchor registered and set asap)
Also, in terms of all the advice here it would be useful for posters to declare how they come to their knowledge and advice?
State and local laws prob matter when it comes to contracts (?) but being first in line with liens and such sounds like common sense.
I recently had a buyer hold us over a barrel ON the closing date of a 1.6M dollar land deal. Lawyer called and said as much. (over a $26 grand contingent that he was reneging on at the last moment) Lawyer was clear, take 1.5plus and sue him later for the rest, or have the entire deal stuck in court for over a year where you can't sell, pay taxes and are stuck with it until the dust settles. We opted to get out with what we could and go after him for the rest in the contract later.
It doesn't really matter his motivation in the final hour, or the delay, what matters is that you get what was contracted to you asap. Focus on that. The end game. Register the boat anchor, stay silent (meaning do NOT contact him directly) and let him sweat, with the fear that he signed a contract and if your wife is really a lawyer then I'm sure she can get a friendly colleague in realtor law (or figure out who is the BEST) to do her a fav and contact him Monday and request the name of his lawyer. That should put the fear of God in him. Better yet if that lawyer contacts him Sunday morning when he can't likely get legal advice.
Whatever his motivation (prob figured he could get more for the land from someone else, the Amish came knocking with their wallets, or he/she wants to back out of their new place. Cold feet at the alter. Doesn't matter. Keep your eye on the end game and get a PRO to handle it and take over, no matter what the cost. You contacting him directly is just going to give him balls to counter you. Elkslayer sounds like he knows a bit more than the folks saying wait and see or those saying walk away.
He made a contract with you and now he needs to follow through.
Don't give him an out.
Hope you get the land...

Go to your county appraisal district web site, and pull the property.

Is the land in his name only, being it’s supposedly come to him through his family?

If her name is on the paperwork too……..Hmmmmmm…….now the fun starts.

He has a better offer. Maybe with some under the table cash.

Maybe the seller just decided he needed to move the bodies in the boneyard before selling!

Round here, you'd be GTG for a specific performance suit.

First house I bought was in a subdivision.

Bought the lot, then told the developer I had my own builder.

Then he wouldn't sell it to me anymore.

The lawsuit got filed, and he went to the closing within a week.

JMHO- I would never buy any property that I hadn't
extensively walked out unless I knew there was a
large gold deposit on it.
I've looked at several that had been used by the
neighbors as the neighborhood garbage dump.
The worst have absentee owners that have no
earthly idea their property is in such sad shape.
They usually buy it and use it for about a year
and get bored with it and never go back.
I looked at a lake lot a woman inherited, and she
hadn't seen it in more than 20 years. it needed
extensive work and a culvert, but she would
only acknowledge the way she remembered
It was back when her mother used to stay there
on her getaway days. She wouldn't even let me
send her pictures. Another one was heavily grown
up with brush and had a plywood drug shack in
the middle of it. I figured it would have taken
at least 5 - 10 thousand dollars worth of work to
clean that mess up and haul it off.

I'd have to have all the details and conditions of
the land as part of the contract along with crystal
clear lifetime access points laid out

you'd think that would be something he asked about ahead of time

I should also add that trying to load up rusty
refrigerators and washing machines full of
scorpions and centipedes is way far down my
list of weekend activities

this deal's too far gone and it aint comin back

I guess I would wait until Monday before I got worked up over it. Maybe something personal going on that the guy didnt want to expound on.

No show for sign on Monday, bring hell down on them.

Well of course there is. i.e. The power company has license to enter my property for rhe purpoae of reading the meter. Otherwise...

Not uncommon.

How long had this property been on the market or did you just make an offer?

If so was it a legitimate offer?

g

you give up to easy.....bob

what difference does that make.....also they way I read it both of the sellers signed the contract.....musta been a legitimate offer.....bob

For what? What damages? If there were significant damages on breech that should have been in the contract for sale as liquidated damages.

Sqwauk sqwauk


Bob

WTF is that supposed to mean?

Now that’s funny

Just wait and see what Monday brings and go from there. Hopefully both parties can reach an agreement and make a deal. My guess is H5 got one heck of a deal on the property and the seller is having doubts about selling now. The seller can hire a lawyer and break the contract if he so chooses, it might cost him a little money but it's doable.