Is It Illegal To Break A Contract?

Is It Illegal To Break A Contract? Although contracts aren’t laws and breaking them isn’t strictly “illegal,” signing on the dotted line does create legally-binding obligations. … You can’t be thrown in jail for breaking a contract, but you can be sued for “breach of contract” by the other side if they lost money because

What Happens With The Earnest Money After The Buyer Performs Under The Sale Contract?

What Happens With The Earnest Money After The Buyer Performs Under The Sale Contract? Handing over the earnest money effectively seals the deal. Once all of the financial issues have been settled, the property is now yours. That is unless something goes wrong. This is where it is crucial to have a buying agent on