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Real Estate
Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous]Contact a real estate attorney or contract attorney. It sounds like your contract allows you to back out at the current rate but if the rate goes down you can not. Toll Brothers is not responding to your request to back out now because the last rate increase triggered your back out provision. You are unsure as to whether you can back out now or have to wait months until closing? Is that correct? Rates are unlikely to go down so hopefully you won’t be stuck with the house at a rate right below the threshold but it delays you months. A lawyer can help you understand your options and get Toll to at least respond. [/quote]
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