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In this instance, let’s say the buyer backs out after the final walk through due to an emotional reaction about something. All contingencies are past. Seller stands to lose $50K+ due to the failure to perform. Obviously the buyer loses earnest money but what about damages? 
There is nothing like an Anticipatory Repudiation Letter in situations like this to bring the buyer back to the table for closing, assuming he is actually able to close. How strong your case is depends on a lot of factors and the specific language in your contract. We can help you. You can schedule a case assessment 24/7 by calling 303-688-0944 or online at https://calendly.com/case-assessment/case-assessment. At your appointment, we'll meet by phone or video (Zoom), we'll discuss your contract, concerns, desired results, rights, remedies, the law, the process, timeline, how we can help, costs, etc.
The foregoing information is general information only and should not be relied upon to take, or fail to take, legal action. No attorney-client relationship is formed by this information. __The only manner to obtain complete and adequate legal advice is to consult with an attorney.__
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DisclaimerThe response posted is based upon the information made available and is not intended as a full and complete response to the question. The only manner to obtain complete and adequate legal advice is to consult with an attorney. No Q&A posting or other communication will be treated as confidential from this website and does not create an attorney-client relationship.