Buyer backing out
I can’t believe this is happening.
3 months ago we sold our farm to a wealthy cattle station family. After a long settlement, we were meant to move to our new town tomorrow. At the end of the day today, our settlement agent called to tell us the buyer is not ready to comply with the purchase. WTH??? I didn’t know that was even an option after their bank had sent us their financing approval?
So our settlement agent has served them with a ‘Ready Willing and Able’ notice and they have 3 days to comply. After that they get served with another notice and they get 10 days to comply.
How could this happen after financial approval has been in place for 3 months? I smell something really fishy. Our settlement agent and realtor say they’ve never seen this happen. Have you ever seen this happen?