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Real Estate
Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous]Feels like a clause like that could be subject to some serious gaming by Toll. Let's say it says something like, "buyer can back out if average 30-year interest rate is 7% 60 days before close." House is close to completion. Toll tells its contractors to hold off on some minor thing, finds a day that interest rates tick below 7%, says closing is 60 days from then, and then tells the contractor to finish up that minor thing. All the more reason to consult with an attorney if you do want to back out.[/quote]
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