Newsflash: California – Buyer failed to perform – what next?

5/2/17 – property listed for salePurchase agreement prepared 5/3/17, we received and signed it on 5/7/17.5/10/17 – Escrow opened.5/23/17 – Notice to perform sent.5/27/17 – Second notice to perform sent.5/30/17 – Cancellation of contract/escrow and release of deposit sent.My agent after speaking to their broker says that escrow cant just be cancelled if the buyers dont sign it. The buyers agent has basically gone ghost and not returned any calls/texts/emails/faxes and when they do, they returned stuff missing signatures/initials.I want to just be done with these buyers, we’re in escrow on our new house and its potentially holding everything up. What recourse do I have?

Read more at https://www.reddit.com/r/RealEstate/comments/6ei5tc/california_buyer_failed_to_perform_what_next/?utm_source=ifttt

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