HPP Lot sales & Shade Tree

[handsoff]

Has anyone else sold their HPP lot to Shade Tree and not had it close? I sold my lot in Aug 2007 and there has been extension after extension and still no closing. Now the buyer is offering $2500 early payment from escrow for each extension. I received 1 payment and now the 2nd one for 18 Feb has not been paid.

I have gone through a broker with signed contracts but this is a new experience for me. Are there any lawyers on this board that I can contact?

TIA

Rgds
Marshall from Switzerland

[John S. Rabi]

Cancel the contract. They probably are trying to flip the lot while in escrow. There is no such a thing as "extension after extension" and you probably only have a 30-day extension in the contract. They most likely are just releasing some(?) of their earnest money deposit from escrow to you, knowing they would lose it anyway. They are just buying time. They defaulted on the contract and you should get all the money in escrow.

Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
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