Real Estate Investors - Legally Force Your Sellers or Buyers to Close

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Legally Force Your Sellers or Buyers to Close
The problem of seller or buyer defaults can arise at any time during a real estate purchase or sale. Whether it is simply “buyer’s remorse” or the death of the seller, each situation has solutions. Action must be taken before the closing, or immediately after a default from a buyer or seller, to prevent the investor from losing cash or equity.
A contract to purchase a property has as much “authority” as a deed to the property, but only if the investor knows how to protect this precious interest. The text explains how to handle contracting with buyers and sellers to minimize issues before they arise. If problems do occur, the text also describes the specific legal or other actions that must be taken to encourage the seller or buyer to return to the closing.
A scourge on the real estate investing industry is what I call Black Hat Wholesalers. These individuals specifically target wholesalers by going directly to the property owner on title and stealing the transaction from the investor who already has it under contract. It’s estimated to be a multi-billion-dollar problem, affecting every new and seasoned professional throughout their careers. There is a way to stop it, as you will discover.
For example, the text explains “extended liability” clauses that should be included in every investor’s purchase and sale contracts. Preparation for the inevitable buyer or seller default is critical in saving wholesale or retail transactions, provided it is planned ahead of time.

About the Author
Dave Dinkel has been a real estate investor for over 50 years, since 1975, and has been involved in more than 10,000 closings.
He is well known as a real estate coach and mentor, having trained some of the industry’s most successful gurus. His engineering degree focused on strict “step-by-step” procedural teaching, which produced thousands and thousands of very successful entrepreneurs and real estate investors.
Dave’s experience has given him valuable insights into the most critical aspects of building a career in real estate investing. One particularly frustrating dilemma for new or seasoned investors is when a buyer or seller decides not to attend the closing for a purchase or sale. Whatever the reason, the investor has spent significant time and money that he faces losing in an instant.
Dave has diagnosed 20 specific reasons why both sellers and buyers decide not to close on their purchases and sales. What’s most important is what can be done to mitigate the loss the investor is facing. In this text, Dave covers legal solutions for forcing a seller or buyer to attend closing.

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