Is this a fair deal? - Posted by Lisa

Posted by Lisa on October 24, 2003 at 19:56:00:

One more question, Can we sell this property once we hold title with these next 12 months instead of getting a new loan?

Is this a fair deal? - Posted by Lisa

Posted by Lisa on October 24, 2003 at 06:58:27:

My Husband and I recently mediated a case regarding a small property due to the Sellers breach of contract…“they were keeping our pymnts and property has fallen into Default” He now must surrender title and still carry the loan for 12 months as agreed on original contract.We the Buyers are paying all their arrearages, pnltys, ect… but thier attorney added to the contract that if our payments are 1 day late after the 7th of the month the seller can reclaim the property and we lose all our money again. Is there any way around this just in case of any unforseen circumstance may occur and we are late by 1 day?

Re: Is this a fair deal? - Posted by Tom-FL

Posted by Tom-FL on October 26, 2003 at 01:18:00:

They can add anything they want. Doesn’t mean anything unless you sign it. Maybe it’s time to bring in your own attorney.