Legal Topics

Contracts — Real property sale — Specific performance

Jul 02nd, 2024 in by admin

Contracts — Real property sale — Specific performance — Seller’s failure to use reasonably diligent efforts to discharge financing statement naming seller as debtor and satisfy judgment that was valid lien against property — Decree of specific performance is granted to buyer — If seller fails to discharge financing statement and satisfy judgment prior to closing, closing agent shall use proceeds of sale to satisfy those obligations