We signed a contract to sell a house in Baytown, Texas. The buyer requested an extension to close, which we approved. We amended the contract accordingly, and the buyer signed it. As part of the extension agreement, the buyer was supposed to pay a second earnest money deposit, but they failed to make that payment. Today was the deadline to close, and they did not finalize the purchase.
We issued a termination request today, demanding the termination of the contract and the earnest money. Our agent mentioned that under Texas law, even though the buyer did not make the second earnest money payment and breached the contract, we might find ourselves unable to sell the property. This situation is not only unfair but also unreasonable. We are seeking guidance on our options in this case, as w
