My question involves business law in the state of: Oregon
Hopefully someone can help me out. I've been looking for answers for months.
If this question is in the wrong area, I apologize.
In late 2007 I made a deal to sell my home. The buyer originally wanted to put closing out 6 months but we agreed on 3. Around Oct 18, 2007, we signed a contract that called for $1000 on signing, $9000 at 30 days, and a closing date of Jan 31, 2008. The $10000 was specified as non-refundable. We received the 1st $1000, but after several requests for the $9000, & giving the buyer an additional 30 days to pay, we terminated the sale, stating our reasons, and being careful not to indicate any release of liability for previously owed monies. I have or can get all written and signed documents regarding this.
This put a huge financial restraint on me, with nearly unmanageble resulting debt and damaged credit resulting. Since, I've been looking for help or answers on what I might do to recover that money (compensation for additional resulting debt and penalty to the prospective buyer are secondary), as recovery from this loss seems still to be unreachable.
Thanks in advance for any suggestions.