Expert, localized Los Angeles answers provided by Heather Roy

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Forced Buy Back

  What does the term, Forced Buy Back mean?
 
  A buy-back is an agreement written into a sales contract, that says the seller will buy the property back, usually for the same price, under certain circumstances (for example, if the buyer later has a job transfer out of town and has to move.)  I haven't seem the document you're referring to, so I can't tell just what you're asking about.
    Edith
Originally published on October 10, 2007
 
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