Posted by John Merchant on April 21, 2005 at 10:59:46:
Since buyers are only rarely (very rarely) ordered to buy, by any courts in USA, all a buyer has to do is just not show up for closing.
That B will undoubtedly lose whatever earnest money he’s deposited with escrow but that’s really the only penalty he’s going to pay.
Whereas a seller can be, frequently is, ordered by a court (in an action to “Specifically Perform” his written contract) to finish the sales agreement and give a deed to the buyer, the reverse isn’t true and buyers can and do walk at will.
So I’d advise any buyer not to worry about trying to find legal excuses, such as inadequate legal description.
Seller would only dispute that anyway and won’t, probably, release escrowed earnest money so buyer will loset that money.