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The borrowers can claim they never signed it before a notary and could have the whole contract dismissed in Court, and keep the money they borrowed. In addition, the notary could be sued by the lender for the total amount of the loan, and the notary would lose their commission.

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Does a real estate contract become void if the buyer does not show on closing day?

It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.


What talbots stores are closing in 2011?

Bloomington IN-location closing August 6th


Can you break a real estate contract before closing for no reason?

If the contract is well written the answer is NO. That's the purpose of a contract. You would lose your deposit and possibly more.


What is contract tracking software for?

Contract tracking software is used to manage the life cycle of a contract. It can identify a need or an area of concern in a contract and also help with monitoring and closing of new contracts.


Is Lowe's closing any stores in MA?

Lowe's is closing its Haverhill location. See the related link below for an article about the closing.


Can you cancel the contract after closing on a house?

If a buyer is allowed to get out of a home purchase after a closing, it will state that in the contract. Discovering a shocking defect with the property that was not disclosed can potentially get the buyer out of the contract after the closing.


Will a real estate contract be vaild if the owner dies before closing in Georgia?

The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.


Is it illegal to have someone sign a promissory note under distress at a house closing The note was signed and notarized now I'm taking it to small claims court and he is contesting it.?

This depends on the situation. Were you being forced to sign the papers physically or threatened with harm? Once a contract is signed, it is legally binding except in extreme circumstances decided by a court of law.


How would you write a letter announcing bad weather closing due to inclement weather?

An announcement of closing due to inclement weather will just need to be concise and include the date of closing, the location of facility closing, and the reason.


What is the matchless term -elongate-draw out-continue-protract-proffer-enlarge-contract?

Contract is the odd term because it does not have anything to do with expansion but rather shrinkage or closing in.


What is a good amount for closing costs on a home?

Closing cost depend on where you live and the price of the home you are purchasing. Closing cost can also be negotiated in the contract. Generally it can range from 2% to 4%. http://homebuying.about.com/od/financingadvice/qt/BuyClosingCosts.htm


What are closing costs?

There are certain costs that are paid at the closing of the home (when the contract is signed and the title is given to the buyer). For example some costs might be:Brokerage CommissionMortgage Application FeesProperty InsuranceHOA Dues