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I’m not sure if I signed a contract with unusual provisions.
l believe that 2 years exception means - no clear title.
I did hire another attorney.
Thanks to everybody who replied my post.
I believed that a realtor is allowed to represent both - a seller and a buyer. And this is when he can collect 6% of the price at the closing. I presumed that in this case a realtor has to be giving valuable advices to guide both clients to insure the best possible outcomes for both.
I have...
On one hand there is no limit to additional demonstrable monetary damages. The only limit is the sellers imagination.
On another hand within 2 years someone can take the property away?
It seems like a lose-lose situation for me.
Can the court force me to buy the property? I don’t want to risk 2 years of questionable ownership. Nobody told me about this problem prior the title search.
I hired a real estate attorney to help me out. He said that if I refuse to proceed with the purchase then I will be taken to court and will loose lots of money.
Should I seek for a second opinion?
What is the name of your state? VA
I signed a contract to purchase a property and payed the earnest money.
The realtor was pretending that he represented me.
During the title search, the title company told me that I will be given a 2 year exception on the title because it is a partition case...
Guys, you did help.
You provided a definition of a qualified buyer. And you gave useful tips on how to create my own agreement if needed. I, definitely, will use it in a future.
After reading your responses, I had some texts back and forth with the realtor. I decided to proceed with the signing...
Well... Initially the agent approached to me offering to hold an open house.
She refused to accept my version of an agreement, but added “paid at the closing”.
She insisted me to sign the agreement electronically before she shows up.
The morning of the open house she conveniently sprained her...
I agreed to pay 2.5% if she finds me a buyer. She wants me to sign a document stating that I will pay 2.5% if her company brings a qualified buyer.
I concerned because it doesn’t say that I have to pay only if it results in a sale. No details all together. What if that qualified buyer doesn’t...
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