Legal Question in Real Estate Law in Tennessee
Purchase Agreement
I signed a purchase agreement on a mobile home. Husband did not. It has both names on the form to be signed by plus I initialed where it has earnest money on it. We put down $15,000.00. Have I messed up. We live in Va. but the trailer we want to buy is in tennessee. We found out after the fact that there will probably be extra costs that were listed on back of form I did not see. What can I do to rectify this situation.
1 Answer from Attorneys
Re: Purchase Agreement
It's not clear from your question what you mean by "rectify". If you mean can you now back out of what is very likely to be a bad deal, the answer may depend on whether the Virginia Home Sales Solicitation Act applies to your particular transaction and whether you are still within the applicable time limits permitted by this law that would allow you to nix these deal.
And, incidentally, mobile homes are not regarded
in the law as real property(like a house sited on a lot)but are what's known as personalty or personal property(like a car).
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