buying tips: When to Consider Backing Out of a Real Estate Transaction
- 03/28/13 11:42 AM
You signed a Contract with every intention of closing the Transaction. But during the Due Diligence or Contingency Period, problems arise! Inspection issues, permits not pulled, financing falls through, Title problems... Know when to walk away! ________________________________ Let me just preface this blog by saying that you should always consult a real estate attorney prior to signing any contract you are not comfortable with or you have questions about. In Illinois, a real estate contract has a clause written in allowing for five days for an attorney to review a contract prior to it becoming finalized. However, this is not a … (1 comments)
You signed a Contract with every intention of closing the Transaction. But during the Due Diligence or Contingency Period, problems arise! Inspection issues, permits not pulled, financing falls through, Title problems... Know when to walk away!
;)
;)
;)
