Posted by Stacy (AZ) on February 10, 2000 at 13:51:07:
I wouldn’t waste time battling an experienced investor by myself, if I were you. You really need to see a lawyer. Sometimes a well worded letter from a lawyer will be enough to get the ball rolling again (if you’re lucky).
It may be best to simply decline to sell to him, and hope he doesn’t sue for specific performance. You really need that attorney to review the contract.
You may be able to arbitrate a solution.
I’ll be interested in other comments as well.
Good luck to you.