When a seller breaches his obligation to convey the property to a buyer, the buyer may seek the equitable remedy of specific performance. Note, that a buyer cannot receive damages for both breach of contract and specific performance because awarding a buyer this...
When the buyer is awarded specific performance of a purchase and sale agreement, the buyer is entitled to be restored to the position it would have been in had the contract been fully performed in a timely manner. Accordingly, a buyer who obtains specific performance...
Whenever we are presented with a new specific performance case on behalf of a buyer we always recommend that we immediately file a lawsuit so that we can record a lis pendens and help prevent the sale of the property to a third party without our buyer client’s...
Schorr Law is pleased to announce that it successfully defeated a buyer’s $2.775 million specific performance claim arising out of a purchase and sale dispute concerning a 9 unit apartment building in Redondo Beach. Our real estate attorneys were able to deliver this...
Individuals and entities enter into a variety of transactions for the purchase and sale of goods. Unfortunately, these transactions are not always successful. In that case the parties involved have several remedies available to them under two broad categories—monetary...
Seller backing out of escrow Little is more frustrating for a buyer than having a seller of real property attempt to back out of a purchase and sale agreement after escrow has opened. Typically, the buyer has spent hours searching for the perfect property, submitting...
