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What do we do when our Buyers Backed out of Real Estate Contract 14 days in?

On October 27, 2009 / By Real Estate Law Help / In Real-Estate-Contracts

We signed our contract and the buyers had 10 days to change their minds without losing ernest money. We already have our title commitment and appraisals and surveys done. They called today to say they want to back out. What can we legal do? We live in Texas.
Ok, the buyers mortgage company didn’t require an inspection and the buyers said they didn’t want to pay out of pocket for one. That is why we had a 10 day back out date. On the 14th day they said they found another house.

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