Can I keep the buyers deposit after they pull out last minute?
House had a conditional offer, then the offer was firmed up as all conditions met. Closing date was June 30, 2010 6pm. Found out on June 30th, 2010 at 2:30pm approximately that they buyer is pulling out and doesn't want to buy anymore. Lost out on previous business plans for the home. Had it rented as a vacation rental for the entire summer and had to cancel everything when they purchased. All furniture that was purchased for that business, we didn't have enough time to sell it or try and recover anything because the buyers requested a super fast closing.
A deposit was made by them and financing confirmed way back when the offered was firmed up.
We've also found out that they have put an offer on another property a few houses down that went up for sale AFTER the offer with us was firmed up.
Surely there must be some sort of compensation for lawyer fees and loss of income and upset that they caused with all this?
Also - this is in Ontario Canada.
Check with a real estate attorney on suing for non performance is what you want to do.
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