I have a buy sell agreement on my home with a developer. He has not provided proof of funds as stated in the contract.

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Customer: I have a buy sell agreement on my home with a developer. He has not provided proof of funds as stated in the contract. Would this be considered a breech and free me of contract.?
JA: What steps have you taken so far? Have you prepared or filed any paperwork?
Customer: No. Just a simple buy sell. Sitting at title office with the earnest money.
JA: Where is the property located?
Customer: Nashville TN
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: I don't believe so
Answered by Infolawyer in 5 mins 7 months ago
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Infolawyer
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Infolawyer, Expert

Hello, my name is ***** ***** I am a licensed attorney with 18+ years experience. Please allow me a few moments to review your question. I will reply right back!
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Infolawyer, Expert

Was POF required by a specific date?

Customer
There never was a specific date. But we are around 90 days into this
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Infolawyer, Expert

You can demand it asap.  If not provided, declare a breach.

Customer
I have been missing better offers waiting. How long does he have to produce it if I demand?
Customer
At this point id just as soon move one.
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Infolawyer, Expert

Typically contract provides.  If not in contract, should be immediate if contract requires before closing.

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Infolawyer, Expert

I hope my answer is fast and clear. Please let me know if you have a follow up question and I will be happy to answer it.

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Infolawyer, Expert

Wanted to check in again. Please let me know if you have any follow up or if you are all set. Thank you.

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Infolawyer, Expert

Thank you for the opportunity to address your question. Please stay safe and healthy. You are welcome to mark me as a favorite and follow up as other questions arise.

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