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signing under duress: Real Estate 101: A contract signed under duress isn’t valid, but what is duress? - 05/24/09 12:53 PM

I remember from real estate school that if someone signs a contract under duress, the contract is invalid, but what is duress? Duress, to me, is someone holding a gun to your head and saying sign or die. But, there are, of course, lesser meanings to it.

So, how does this come into play in real estate today? Let us look at someone in a short sale situation who has lost their job. They have two banks, the first is getting all their money and the 2nd is taking a huge hit or getting absolutely nothing. If they make … (11 comments)

 
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