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Andrew Bergh
Andrew Bergh

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June 10, 2005

Andrew Bergh: When a home sale collapses who pays?

By ANDREW BERGH
Special to the Journal

Real estate wasn't always this hot.

In fact, it was downright tepid only a few years ago. Just ask Nancy Chrisp, who took a small bath on the sale of her Auburn home when the first buyer backed out shortly before the Sept. 11 terrorist attacks. In the ensuing lawsuit, the issue was whether Chrisp or the would-be buyer should suffer the $75,000 shortfall resulting from the property's subsequent sale.


 
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