Legal Question in Real Estate Law in Pennsylvania

Last August my husband and I put an offer on a home that is in foreclosure. We put the offer in knowing that someone else had already made an offer. We have continued to update our offer at the end of every month in the hope that the initial buyers would withdraw. A little over 2 weeks ago I received a call from our realtor that they had indeed withdrawn and as soon as they received notice from the foreclosing bank that they had released the buyers our offer would go in. On Wednesday of this week the realtor called back to tell us that the first buyers changed their mind. My question is if they signed a form that they wanted to withdraw their offer can they just change their mind when another offer has been waiting to go in? We just want to know what the law is before we seek counsel. This is in central Pennsylvania.


Asked on 2/03/12, 5:53 am

1 Answer from Attorneys
Miriam Jacobson Retired from practice of law

The purpose of seeking counsel is to find out what the law is. Many lawyers will offer an initial limited consultation without charging a fee.

THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.

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Answered on 2/03/12, 7:06 am


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