<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by REDBONE:
WISCONSIN: I NEED AN ANSWER A.S.A.P. PLEASE HELP. I SIGNED, AS DID SELLER ON MAY 8TH 1998 A COMMERCIAL OFFER TO PURCHASE. ON MAY 22ND 1998 THE SELLER SOLD SAID PROPERTY TO HIS CORPORATION FOR $1.00 AND OTHER VALUABLE CONSIDERATION. I THEN CLOSED ON MAY 30TH 1998. IS IT LEGAL TO CHANGE OWNERSHIP OF PROPERTY AFTER SIGNING OFFER TO PURCHASE?<HR></BLOCKQUOTE>
My response:
No, it is not legal, unless more than a "reasonable" amount of time elapsed between the time of signing the offer, and the time you were able to pay the amount of the offer. Unless otherwise stated in the offer, a reasonable amount of time would be 30 days. Please consult a "Real Property" attorney as soon as possible.
IAAL
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