Legal Question in Real Estate Law in Oregon
Cold Feet on selling.
I'm wondering if it is too late to back out of the sale of our home and property. The sale agreement was signed on Jan 30,2005. The ernest money is to be released on April 30,2005. What would our consequences be? Can we even do it?
1 Answer from Attorneys
Re: Cold Feet on selling.
The decision to back out of a sales contract is a significant one and should not be made on the basis of a question on the internet.
There is no way to identify the consequences of such an action without a thorough review of the sales contract. Depending on the contents of the contract, an attorney will be able to identify if you have any grounds for backing out and what the consequences that might face should you back out without the grounds to do so.
I strongly urge you to contact an attorney soon and before taking any action.
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