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Signed a Contract |
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we signed a p&s to sell our house, closing in 2 months..We want to back out .Can we back out of this deal ? |
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That "p&s" is evidently shorthand, in your town, for a "purchase-and-sale contract." And the important word in that is "contract." When you signed it, you were making a binding promise to buy. You are legally bound to do so and you could have problems if you backed out.
On the other hand, I can't know the provisions of your contract and whether you have any allowable reason for voiding the deal. It's time to consult a lawyer, preferably one who specializes in real estate, to see if the document has any escape clause you could use. |
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Edith
Originally published on August 3, 2009 |
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