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BUYER'S DEFAULT and CURE Should Buyer Default in the Timely Payment of Any Form

BUYER'S DEFAULT and CURE Should Buyer Default in the Timely Payment of Any Form

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hi everybody Dana Sparks broker of maximum one Greater Atlanta Realtors and today's contract tip has to do with default on a contract I want to we've covered this issue before but I just want to briefly go over and remind you of the remedies for default based on the purchase and sale agreement that the buyer and the seller go binding under so if a buyer and a seller are binding under the GA our contract form specifically the form 2019 then that form and this default remedy did actually change with the August revision of the GA our contracts August 2018 revision in paragraph c2 is where default is spelled out in the purchase and sale agreement and it says rip paragraph C to a in the GAR purchase and sale F to a one state remedies of seller in the event this agreement fails to close due to the default of the buyer the sellers sole remedy shall be to retain the earnest money as full liquidated damages seller expressly waives any right to assert a claim for specific perform

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