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Reply to "Regretting my purchase "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] How do I have a claim on the title if I don’t own it yet? [/quote] You are under contract, correct? [/quote] Yes[/quote] Speak with an attorney. But in broad terms you have like a claim to the title until there is a signed release agreement. Like, the seller can’t re-list the property until there is a signed agreement saying your are no longer involved in a purchase agreement. Because the seller would not be able to re-list until your default is settled – which could drag out making the attorneys happy - sometimes sellers will negotiate the EMD to make you “go away”. The devil is in the details (your contract). Don’t take legal advice from the internet. Speak with an attorney to weigh your options. [/quote] Thanks so much. First time homebuyer so didn’t know all this.[/quote]
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