---

cancelling a purchase contract

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
mittensonmaui Joined: 15 Feb 2011 Posts: 1 1.33 Dollars($)	Posted: Tue Feb 15, 2011 11:50 pm    Post subject: cancelling a purchase contract Like 0 Dislike 0 I signed a purchase contract for a home here in Hawaii in September. The home will be completed in April. However my employment situation has become very shaky and I do not feel comfortable with where things are at. Can I back out of the deal? I did put down a deposit but would be willing to let them keep that. There is a waiting list for the homes so there shouldn't be much of an issue with them getting a buyer. Mahalo
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Wed Feb 16, 2011 2:21 am    Post subject: Like 0 Dislike 0 You can back out of the deal now but there are high chances that you will lose the deposit money. However, as you don't mind that, you should immediately contact the concerned authorities and back out of the deal. _________________ Good is the Enemy of Great.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Wed Feb 16, 2011 10:27 am    Post subject: Like 0 Dislike 0 Backing out ought not to cost you anything other than your deposit; but you'd be wise to re-read your purchase agreement to ensure that there are no other penalties involved. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0