Seller wants to back out of contract

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Originally Posted by Ultrarunner

ad thing is they lost the place in foreclosure about 16 months later where they could have walked away before with 80k cash

I remember that all too well in the 1980's real estate crash. People holding out for the big pay day, turning down offers that were not full price, then life happens, and they loose them a short time later in foreclosure.

Those who cannot remember the past are condemned to repeat it.