Legal Question in Real Estate Law in California

condo purchase

I signed a contract to purchase a condo on Sat. Is it possible to terminate the contract? If so, what are the penalties?


Asked on 1/09/07, 6:21 am

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: condo purchase

The purchase agreement governs. There probably is a liquidated damages clause that would cause you to forfeit the deposit. If unsure, take the agreement to a lawyer immediately to assist you in making your decision.

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Answered on 1/09/07, 10:26 am


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