Posted by Chuck (AZ) on July 02, 2001 at 10:01:14:
I hate giving advise, especially when I can’t read the contract personally.
It’s been my experience that differances of opinion between a buyer and seller are primairly caused by a lack of understanding of the “intent” of the wording used in a contract.
In english… what you meant, is not what he understood.
In this case, since his plan was to move the home, he probably feels that this part of the contract doesn’t apply to him.
Personally, I’d try to avoid tying this deal (or any deal for that matter) up in a legal dispute. It’ll consume time better spent… doing other deals. Go talk to the guy and explain what your intent was in this area of the contract, explain that you now consider him in default, ask what he intends to do.
He may suddently be in a pinch, and not able to hold up his end of the deal. If this is typical of the way he conducts his financial affairs, then you need to know now.
In either case, my original advise still seems sound. Back out of this gracefully, seek another buyer, and have your attorney tweak your contract.