Legal Question in Real Estate Law in Pennsylvania
Signed Sales Agreement
I have signed an agreement to buy a house. I have given $1000.00 hand money. Now I am thinking I want to back out of the deal. Is there any way I can do that without losing my hand money. Home inspection is on Thursday.
Asked on 12/02/02, 1:00 pm
1 Answer from Attorneys
Stanley Fudor
Law Offices of Stanley Fudor
Re: Signed Sales Agreement
You have to look at the wording of the sales agreement. Usually, there is wording of a morgage contingency clause, failure of the home inspection etc etc that might give you the right to rescind the contract.
Answered on 12/02/02, 1:11 pm
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