Legal Question in Real Estate Law in Massachusetts
Subject To
Is ''Subject To Financing'' legal in Massachusetts?
Thanks
Asked on 9/03/05, 10:26 pm
1 Answer from Attorneys
Re: Subject To
It is legal to make an offer to purchase subject to obtaining a Mortgage. "Subject to finance" means a number of things depending upon the circumstances you are using it, however if it is a condition to any agreement the term needs to be made clear as to what the parties intend it to mean.
If you are drafting an offer or an agreement you need to make clear your conditions and I would suggest you have any such offer or agreement reviewed by an attorney.
Answered on 9/04/05, 10:46 am