Legal Question in Consumer Law in Louisiana
Purchase Agreement and Hurricane Katrina
I signed a residental purchase agreement on August 23, 2005. I didn't have a natural disiater clause. Fortunatley, my parish only had minor damages from Hurricane Katrina. However; my builder has informed me it will now cost over $10,000 more to build my home and doesn't know when he will be able to build it. Due to this natural disaster, I would like to void my purchase agreement because I now have no place to live and there are no homes to purchase due to the flood of evacuees. I want to keep my current home. Can I void this agreement, due to the natural disaster of Katrina? Please respond ASAP. Thank You!
1 Answer from Attorneys
Re: Purchase Agreement and Hurricane Katrina
It sounds like your builder is attempting to modify the agreement that was entered into prior to Hurricane Katrina. If these modifications are unacceptable; and he is unwilling to perform the contract under the original terms, you can typically get out of the contract. However, before you take such a position, I would highly recommend having an attorney review the actual contract.
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