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Anticipatory Breach
By Contributor on December 14, 2018
An anticipatory is a statement, declaration or action made by a buyer or seller indicating no intention to perform or adhere to certain terms prior to closing.
Under normal circumstances, one cannot bring a dispute to court until a breach of contract has occurred.
You need to know:
What lenders hope you never learn about mortgages
For legal reason, anticipatory breach can be used tactically to prevent actual breaches that can cause significant damages to occur.
As such, the aggrieved party will be able to enforce a contract in court without delay.
When in doubt, a real estate attorney should be consulted regarding anticipatory breaches.
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