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You're making this sound like they were going to put you in federal prison. These are just meaningless threats. Take you in front of the magistrate...lol. All bark and no bite. I'm interested to know what your attorney said about the seller not following through on the original contract. They breached their duty to perform and you are damaged as a result.
How do you figure seller breached? The seller's lender was late getting in the approval which through everything out of whack for closing. As I said before they were not just asking for Earnest money, but threatened other suits that attorney wanted to avoid. It isn't lol to me. Specific performance is a bit more major and no one could say what those results would be. We had not bought a house since 1966 and were not aware of short sale's jargon. Our fault we relied on a buyer's agent instead of an attorney in the first place, never again.
I would say one of two things is happening here. Either you are leaving out important details of the transaction or you are getting bad legal advice. Clearly you were entering into a contract that you did not completely understand. You need to find a high-powered real estate attorney in your area that will tell you what you did wrong and how to fix it. And next time you want to buy a house have that same attorney review the papers and explain to you how the process works.
Prudential scammed us for $1500.00 of our deposit.
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