Recent content by minimyme

Its past 5 calendar days ,we sent the letter to seller about cancelling of contract and release deposits monies.But seller ddnt signed back the cancellation letter till now.How long we have to wait for them to sign and get our deposit back. Thanks

Dear HomeGuru, I appreciated your opinion ,time and insight into this matter. Thanks

May be liqidation damages or something along the lines that house was off of the market for x days so they lost something etc...

What are the winning odds of seller if he sue's us? Do they have any grounds for persuing any legal action against us?

Yes. It was sent the very next day after receiving the by laws.

Update What is the name of your state? NJ Hi, We signed the contract for purchase of a home. During the attorney review, our attorney added few clauses as an adendum. One of the points that he put was "The contract is contingent upon the buyer's review and acceptance of any restrictions in...

What is the name of your state? NJ Hi, We signed the contract for purchase of a home. During the attorney review, our attorney added few clauses as an adendum. One of the points that he put was "The contract is contingent upon the buyer's review and acceptance of any restrictions in the use of...

Thanks for the reply. Yes we this clause in the agreement "the Buyer will conduct the inspection, identify the deficiencies, and the Seller has the option to either correct or advise the buyer that it will not. Since the option is with the Seller, if they elect to 'correct' the buyer cannot...

What is the name of your state? NJ I signed the contract for purchase of a property. During the home inspection, there were many issues found which are major in the nature. I want to get out of this deal as I'm not comfortable buying a house which is just few months old has issues with the...