[WSBARP] PSA Seller refuses to close; Buyer's right to withdraw funds?

[Eric Nelsen]

Standard residential PSA, closing was set to occur last week. All-cash deal, no financing. Buyer timely deposited all funds, but Seller has refused to complete the sale or even sign closing documents.

Buyer intends to file for specific performance, but in the meantime: Is there any problem with the Buyer withdrawing all funds from escrow at this point, while sending the Seller a letter confirming that the Buyer reserves all rights and intends to sue for breach of the contract? Buyer has already clearly demonstrated willingness and ability to timely close the transaction and I do not think the full purchase price should have to sit for months in escrow until the litigation is resolved. Any other thoughts or advice?

Sincerely,

Eric

Eric C. Nelsen
SAYRE LAW OFFICES, PLLC
1417 31st Ave South
Seattle WA  98144-3909
phone 206-625-0092
fax 206-625-9040

Please Note that We Have Moved

We have moved our Seattle office to Mount Baker Ridge (a small commercial community just above the I-90 tunnel).

Our new address is 1417 31st Avenue South, Seattle WA 98144. All other contact information remains the same.

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