Legal Question in Real Estate Law in Oregon
Earnest Money Receipt
If I have written document called Earnest Money Reciept/and purchase terms to buy a home with property. This document is signed by the Buyers(myself and signifant other., and the seller. The document doesn't state that a credit check is required, and the seller amend this agreement by requiring a credit check. Does this violate the document per the seller or can the contract stay valid without our suppling a credit check. Please advise me a soon as possible. Thank you for your time in this matter.
Sincerely,
1 Answer from Attorneys
Re: Earnest Money Receipt
The issue would depend on the actual written language in the contract. Some earnest moneay agreements contain included language on the back sides of the document along with the front sides that are filled out. This is particularly true in situations where the seller is carrying the financing. There are a variety of clauses that could give a seller an opportunity to require things like credit reports.
I would recommend that you have an Oregon attorney review the actual contract.
My Portland area office offers a low cost initial consultation. Please give us a call.
This is not specific legal advice, which cannot be given with a more detailed analysis of your specific situation.
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