Hello appreciate your help here please. I was due to close on a house purchase today receiving the keys. However yesterday the vendor's solicitor contacted my solicitor to advise there was an issue for the vendors closing on a house they were purchasing and therefore they would not close on the sale today as they had no house to move to. The contracts for my purchase have been signed and returned to my solicitor. There is no condition on the contract being dependant on the vendor's closing on another house.
The vendor's solicitor is not coming back re a new close date. I believe that the vendors purchase will either take months to resolve or fall through altogether.
My solicitor has advised me the contract is binding and hence enforce it however he is vague on how this would work and has mentioned that we might just have to sue. I just want to close on the purchase ASAP. I appreciate any advice from anyone through something similar or with some expertise as what to do and likely outcomes. Thank you!!!!!!
The vendor's solicitor is not coming back re a new close date. I believe that the vendors purchase will either take months to resolve or fall through altogether.
My solicitor has advised me the contract is binding and hence enforce it however he is vague on how this would work and has mentioned that we might just have to sue. I just want to close on the purchase ASAP. I appreciate any advice from anyone through something similar or with some expertise as what to do and likely outcomes. Thank you!!!!!!