Q: My in-laws are selling a shore home and had a contract. Monday would have been the closing and the buyer has backed out. Who is responsible for any fees incurred during the transactions to this point?
A: Your answer is contained in the purchase agreement which you all signed. Lack of such language would mean that you would have to seek a remedy outside the contract through court. Check over the contract (under default) & then, if necessary, with a Real Estate Attorney.