Legal Question in Real Estate Law in Michigan

i signed a contract for a forclosed home, within 24 hours i informed my agent that i wanted out. its my first home buy. they pressured me in to it


Asked on 7/25/12, 11:14 am

2 Answers from Attorneys
Timothy Klisz Klisz Law Office, PLLC

Unless there is a contingency, you will likely lose your earnest money deposit, if any. Tim Klisz kliszlaw.com

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Answered on 7/25/12, 11:19 am
Renee Walsh LawRefs Nonprofit

Typically when a home is purchased, whether it is foreclosed or not, the offer is made contingent upon your approval of a home inspection by a licensed inspector. You can use this contingency to get out of the contract.

If you would like further assistance, please contact me via my website at www.lawrefs.com.

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Answered on 7/25/12, 11:56 am


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