From: trader4@optonline.net
Newsgroups: misc.consumers.house
Subject: Re: Rebid on house after seller changes mind
Date: 17 May 2005 07:35:48 -0700
   posting-account=vW3O0AwAAABxQqAj-ZYxYAKqrqLQW3tX

"Our realtor has given us our 1000 $ deposit she had in escrow and
washed her hands off. I asked her the same thing, how could they do
such a thing once we had a signed contract - her reply was the same
till we finish closing the seller can change their mind anytime.She
then added she had not seen this happen too many times maybe 2 times
before in her career. Maybe in NJ the laws are kind of lax "

If this is what you lawyer told you, which I doubt, I'd get a new
lawyer.  In NJ there is a 3 day attorney review period during which the
contract is not binding.  After that, the contract is in effect and you
can't just walk from the contract without consequences.    The only
exception would be if you were dumb enough to write one that
specifically allowed a party to just walk for no reason.  But then it
wouldn't be much of a contract.  If you're out expenses for inspection,
legal, lending, etc, I'd file a suit in small claims court for
recovery.  Now, it might be true that it would be rare for a court to
force the actual sale, but certainly you can collect damages.