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

NC seaseanc at gmail.com
Thu Jul 7 11:39:58 PDT 2016


The rules pertaining to tender may help. Finch v. Sprague 117 Wash
650(1921). The contract has already been breached by the seller.

On Thursday, July 7, 2016, Eric Nelsen <Eric at sayrelawoffices.com> wrote:

> 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.
>
>
>


-- 
Nicholas L. Clapham
(206)939-0262

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