WaikikiJack
Junior Member
Case Study:
The buyer entered into a real estate purchase contract with seller. The both parties signed the contract recently.
Can the seller's lawyer nullify the contract due to the total amount of unpaid taxes and tax sales is larger than the contract agreed amount?
By contract law, Once the real estate purchase contract is signed by both parties, Each party are entitled to enforce it.
The pre-exist tax or tax sales associated to the selling property should be already considered before accepting the offer. Once the offer is accepted and signed, The seller can not nullify without proper reason or mutual agreement. Is there any mistake on seller's lawyer? Do you think seller's lawyer should be responsible for this mistake?
Please advise.
Thank you for reading.
The buyer entered into a real estate purchase contract with seller. The both parties signed the contract recently.
Can the seller's lawyer nullify the contract due to the total amount of unpaid taxes and tax sales is larger than the contract agreed amount?
By contract law, Once the real estate purchase contract is signed by both parties, Each party are entitled to enforce it.
The pre-exist tax or tax sales associated to the selling property should be already considered before accepting the offer. Once the offer is accepted and signed, The seller can not nullify without proper reason or mutual agreement. Is there any mistake on seller's lawyer? Do you think seller's lawyer should be responsible for this mistake?
Please advise.
Thank you for reading.