Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Buying & Selling a Home
Reload this Page Contigency contract/Time of Essence

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 09-06-2006, 09:27 PM
Junior Member
  
Join Date: Sep 2006
Posts: 1

Contigency contract/Time of Essence

What is the name of your state? NJ

I am in the middle of selling my existing home and buying a new one. I am dealing with a relocation company on my purchase and they agreed to my contract that stated it was contigent on the close of title of my existing home. The close date on my purchase contract was listed as 9/1, but my buyers want to close on 9/15 and I need the proceeds of my sale to move forward. The attorney for the relocation company has now filed "Time of Essence" against me. My question is, considering that the attorney agreed to the contigency of the close of title on my current address, can he legally file TOE? Or hold me in breach of contract if any issues arise that continue to push the close date on my sale back?

Thanks for any help.
  #2  
Old 09-08-2006, 09:10 AM
Member
  
Join Date: Mar 2001
Location: Raleigh, near Central Prison
Posts: 437

Contingency

It's been my experience that "Time of Essence" issues are requested in the initial contract, not a subsequent matter. Inform the attorney that you will share his information with your company's lawyer, since they are the ones who have required you to use the relo company.

Even the relo company uses a Realtor. Where's yours?
__________________
"If all my friends were to jump off a bridge, I wouldn't jump with them. I'd be at the bottom to catch them".
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 02:06 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.