Legal Question in Real Estate Law in Oregon

I signed an online agreement to accept an offer to sell my timeshare. However I then found that the offer was for my equity only, and I would still need to make all payments on my loan. This was not what I thought I was signing up for. I've received a check, which I have not cashed, and have continued paying on loan. What's my status, can I get out of this?


Asked on 12/26/09, 1:37 pm

1 Answer from Attorneys
Daniel Meek Daniel W. Meek

You should definitely have an attorney examine the exact agreement. How did you "accept" it? Did you sign a document and return it to someone else? Unless you did, it is likely that there is no valid agreement. Most states require all real estate transactions to be in writing and be signed by both parties.

So, do not cash the check. Tell the other party there is no agreement. Maybe he will try to sue you, but maybe not.

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Answered on 12/31/09, 2:46 pm


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