Legal Question in Real Estate Law in Massachusetts

if the buyers cannot get the financing for my home on the specified time alloted on the offer to purchase, can i pull out of the deal and keep my house


Asked on 10/12/09, 1:43 pm

2 Answers from Attorneys

The Financing condition is their contingency not yours. Therefore the Buyer has to seek more time or termintate the P&S--unless they want to risk losing the deposit.

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Answered on 10/17/09, 1:51 pm
Christopher Vaughn-Martel Charles River Law Partners, LLC

The answer is probably yes, but I would speak with a lawyer and have the agreement reviewed carefully before taking any action. Misinterpreting your agreement or taking imprudent action could cost you thousands. Please don't hesitate to contact my office if you would like to schedule a consultation.

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Answered on 10/18/09, 5:49 pm


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