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#400088 - 01/31/12 03:33 PM Re: Buyer wouldn't pay for the rent, daily penalty after passing the closing. [Re: pro]
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
"Are you still saying that "email and verbal agreements are NOT leagally binding?" It has a broader meaning than you think."


you're making a very broad statement here. under some circumstances, email exchanges may be valid, typically in terms of clarifying ambiguous contract elements. It depends on multiple factors that a court would need to consider, based on existing case law. I doubt that even an attorney would make such a broad statement, as you have done above.

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#400091 - 01/31/12 04:42 PM Re: Buyer wouldn't pay for the rent, daily penalty after passing the closing. [Re: shana]
pro Offline
Member

Registered: 03/09/11
Posts: 70
Loc: Virginia
How about someone saying that email and verbal agreements are NOT leagally binding?

Do you think so too?

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#400110 - 01/31/12 09:49 PM Re: Buyer wouldn't pay for the rent, daily penalty after passing the closing. [Re: pro]
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
I'm saying you cannot generalize. you need to know the specific case law, and only attorneys can give qualified legal opinions.

every day I encounter people, often uneducated people, who claim to know a particular legal issue beyond a doubt. I find this comical.

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#400115 - 01/31/12 11:04 PM Re: Buyer wouldn't pay for the rent, daily penalty after passing the closing. [Re: shana]
pro Offline
Member

Registered: 03/09/11
Posts: 70
Loc: Virginia
That's exactly what I am saying: you cannot generalize.

The person I was talking to bluntly assumes email contents are not legally binding.

"Legally binding wordings" possess a fish of interpretations which should be dealt with individually.

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#400116 - 01/31/12 11:06 PM Re: Buyer wouldn't pay for the rent, daily penalty after passing the closing. [Re: Vermont]
DueDiligence Online   content
Veteran Member

Registered: 12/05/06
Posts: 1265
Loc: Wild Wild West
Originally Posted By: Vermont
Originally Posted By: pro
We are all happy in the end.

So . . . . why are we even discussing this ?


Originally Posted By: Vermont
Originally Posted By: pro
We are all happy in the end.

So . . . . why are we even discussing this ?


This forum is amazing, isn't it? Barely 48 hours ago, the OP asked us, "What can I do?" And then, having gotten responses that basically were of the "What on earth have you done?" variety-- magically, it's all fixed!

Are we good or what?

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#400136 - 02/01/12 07:50 AM Re: Buyer wouldn't pay for the rent, daily penalty after passing the closing. [Re: DueDiligence]
pro Offline
Member

Registered: 03/09/11
Posts: 70
Loc: Virginia
I was asking what my options are in this case.

I got all the responses from the fellow Americans here and I appreciate it. I learned something from them and maybe they did as well.

That's the main purpose of the forum-exchange of ideas and opinios, I guess, rather than having to fix something.

I am trying to live a happy life. My commissions are reduced 20% but I am still trying to be happy. dancingguy

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#400166 - 02/01/12 02:41 PM Re: Buyer wouldn't pay for the rent, daily penalty after passing the closing. [Re: pro]
pro Offline
Member

Registered: 03/09/11
Posts: 70
Loc: Virginia
Update:

I was pleasantly surprised to know today that right after the closing the buyer did give me the rent...with all cash! WOW! My hands were a little shaking when receiving it. LOL!

He also asked me if I can help his cousin buy a condo. I said no problem.

I called the sellers to let them know of this shocking turnaround and they were as happy as I was. I am to have a drink with the sellers tonight. It will be my treat!~

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