Legal Question in Real Estate Law in Ohio
Land Contract
I am in a land contract to purchase a property and I want out. I am not satisfied with the property. I think I can get out by simple forfeiting all monies paid but i'm not sure. If I vacate the property, am I liable for the entire balance of the purchase price?
Asked on 2/07/07, 5:28 pm
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: Land Contract
You need to review the default provisions of your land contract. This will determine your rights and obligations. If your contract is not clear, the Ohio land contract statute will govern.
Answered on 2/08/07, 9:19 am
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