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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Had this case a couple of years ago. The contract does survive the death of the seller or buyer. I had to look nationwide but that is the clear answer.
I obtained a court order awarding my client seller the earnest money because the deceased buyers estate did not perform the PSA.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">John Riley<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p style="FONT-SIZE: 10pt; FONT-FAMILY: ARIAL"><strong>John M. Riley III</strong><br>
Attorney | Witherspoon • Kelley<br>
<a href="mailto:JMR@witherspoonkelley.com">JMR@witherspoonkelley.com</a> | <a title="Attorney Profile" href="http://www.witherspoonkelley.com/john-riley-1">
Attorney Profile </a>| <a href="http://www.witherspoonkelley.com/s/jmr.vcf">vCard</a></p>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: Arial" align="right"><font color="#ffffff">422 W. Riverside Ave, Ste 1100<br>
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(509) 624-5265 (office)<br>
(509) 458-2728 (fax)<br>
witherspoonkelley.com</font></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:windowtext">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:windowtext"> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Kary Krismer<br>
<b>Sent:</b> Wednesday, May 09, 2018 8:37 AM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> Re: [WSBARP] Earnest Money Deposit Issue<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p>I would agree with Eric, but also point out that you should probably review the offer carefully to make sure it was properly filled in and enforceable before some buyer's attorney gets involved doing the same thing. Annie has been focusing a lot on Form
17 lately in her agent education, and there are very few transactions that have properly filled in Form 17s if you use the strictest standards and some contracts don't even have valid legal descriptions.<o:p></o:p></p>
<p>I would also question whether the contract survives the death of the seller. I don't remember the answer to that question.<o:p></o:p></p>
<pre>Kary L. Krismer<o:p></o:p></pre>
<pre>206 723-2148<o:p></o:p></pre>
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<p class="MsoNormal">On 5/8/2018 4:18 PM, Eric Nelsen wrote:<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I don't think an offer/ask to rescind is a breach of the PSA, so Seller isn't entitled to the EM. Seller just needs to reject the offer to rescind and inform
Buyer that the Seller Estate intends to close as agreed. Unless Buyer actually says something affirmative like "I'm not going to close on this," I don't think you have anticipatory breach.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Sincerely,</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Eric</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Eric C. Nelsen</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">SAYRE LAW OFFICES, PLLC</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">1417 31st Ave South</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Seattle WA 98144-3909</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">phone 206-625-0092</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">fax 206-625-9040</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>David Faber<br>
<b>Sent:</b> Tuesday, May 08, 2018 4:01 PM<br>
<b>To:</b> wsbarp<br>
<b>Subject:</b> [WSBARP] Earnest Money Deposit Issue</span><o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">List:<o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">I'm representing the PR of an estate for a decedent who was under contract for the sale of real property here in Jefferson County at the time of death. When Buyer (B) was informed that seller had died, B signed and transmitted a MLS form
51 Rescission Agreement attempting to beg out of the PSA and for the refund of the earnest money deposit. I was, quite frankly, surprised to see B try to rescind considering the closing date on the PSA is not until later June and there was no notification
to B that the estate would be unable to close the transaction as the successor-in-interest to the decedent. PR now want to boot B out of the transaction but keep the earnest money deposit as liquidated damages under the theory that B signing the rescission
agreement is sufficient to indicate that B intends to fail without cause to close the transaction. Either way, PR is quite annoyed by B for rushing to exit the PSA when their father died. <o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">I am unable to find case law on point here and wondering if anyone has any thoughts or would be willing to discuss this issue with me?<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Best,</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">David J. Faber</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Faber Feinson PLLC</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">210 Polk Street, Suite 1</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Port Townsend, WA 98368<br>
(360) 379-4110</span><o:p></o:p></p>
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<p class="MsoNormal"><br>
<br>
<br>
<o:p></o:p></p>
<pre>_______________________________________________<o:p></o:p></pre>
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