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Don't some states let you reverse a RE transaction? by mintirish

I think some states allow you to reverse a real estate transaction for a short time period.

I would call my attorney and let the seller's attorney know your in-laws are backing out unless they get a check for $1500.

Have your in-laws ask both their realtor and attorney what they can do. Maybe their realtor can get the seller's realtor to cough up a little cash.

Otherwise I think they are SOL from a money standpoint. Obviously file a police report and get a restraining order.