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You can get out of the contract, but you will forfeit your deposit. If you are in the midst of construction, that may be a different matter.
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∙ 16y ago
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What is the legal age to buy a house in South Carolina?
18. You only have to be old enough to be held legally responsible for a signed contract with the bank.
What rights does the wife have in the event of a divorce if the husband has signed a purchase agreement to buy a house in Iowa but changed his mind?
If both parties signed the contract then both are responsible. Have the contract reviewed by your attorney and try to negotiate a settlement with the sellers and with your husband through his attorney.
What are the dangers of selling house on contract?
If a seller and a buyer have already signed a contract, then you have to sell according to the contract. If you want to sell to someone else not on the contract, then you have to get out of the first contract.
Can you buy a house aged seventeen?
No you can not buy a house at the age of seventeen because you have to sign a contract and a contract is not legally binding until the age of eighteen.
If you sign a bill on sale but did not pay anything is the contract binding?
If you signed a contract to buy the car, it is legally binding. That fact that you have not parted with any money is a mute point. You signed the contract, and that is all that matters. Ask the seller if they will release you from the contract and be very nice about it.
What happens when a person dies while selling their house?
If the decedent has signed a binding contract to sell the house, then his or her estate must abide by it and sell the house according to the terms of the contract. The executor has no power to simply cancel the contract nor is the contract automatically cancelled by the death of the seller.
If a person agrees to buy a house from another person and they shake hands can the court make them pay if there was a witness?
No. Under the laws of the US, unless the contract or agreement was on paper and signed, it is not enforceable.
If someone agreed to buy a car and the car was being held for them can they change their mind without consequence?
Yes, unless a contract was signed, up until a contract is signed a buyer can back out at anypoint.
Is a lease a contract signed?
Yes, a lease is a signed contract
If you have financing from your financial institution and go buy a car is there any legal reason for the dealer to rescind your contract?
Have A County Attorney Read Your Contract, And Tell Him The Reason Stated By The Car Dealer. If Its In The Contract The Dealer Signed He Has To Fulfill His Signed Agreement. If He Has Not Entered Into A Contract With You On The Car, Signed By Himself. Then You Will Need To Walk Away. GOOD LUCK
You do not want to sell your house any more but you signed a contract can you cancel it?
It certainly depends on the local laws in your area but I have to tell you a signed contract is legal and binding - read all the print on the contract to see if there is anything stated on it that may pertain to your predicament.
A couple is living in your house on a contract for deed and were to put 5000 dollars down but only have put 2500 but have paid a monthly payment and no deed was ever signed can they be evicted?
If they have not signed a contract, there is no sale. All transfers of real property must be in writing. If they have signed a contract, they have failed to live up to their part of the agreement and the contract can be voided. You need to consult an attorney in your jurisdiction.
