Posted by B.L.Renfrow on July 02, 2003 at 23:26:26:
Your sellers have breached their contract and may be guilty of fraud or theft if they have taken the money which was supposed to be paid to someone else and failed to pay it.
You should consult with your own attorney at once to see what your options are here. Assuming you have a valid contract and you have upheld your end, you may well be entitled to force them to honor their agreement, or compensate you financially if they have failed to do so.
The sellers may – probably do – believe you’ll simply roll over and give up. Don’t do that unless you determine it’s in your best interest to do so. Sometimes all it takes is a strongly-worded letter from your lawyer to the miscreants to get them to shape up. Most of what lawyers do is bluffing, and they are very good at it.
Call your lawyer in the morning.