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Buyer Refuses to Close Resulting in $610,000 Loss
A Buyer tries to back out of a sale claiming that the Seller won’t agree to help with a severance application. He sues to get his $150,000 deposit back. Instead, the Court finds him liable for over $600,000 in damages for refusing to close.
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Seller Backs Out of Deal After HST Dispute
When the Seller discovers that HST is payable on the sale, he refuses to close. The Buyer sues in Court and asks for Specific Performance.
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Court Rejects Buyer’s Excuse for Refusing to Close
A Buyer can’t get financing and asks for a $130,000 price reduction. When that fails he refuses to close saying the lot size was smaller than advertised.