We have a signed contract to purchase a home. All contingencies have been approved.
We now want to get out of the home purchase. We noticed that on the contract, the name of the sellers is wrong. It lists the wife's name twice. It has been struck through, and the name of the husband has been added, but we did not initial next to that change. Does this void the contract? Can we get out of the contract based on this?
Thank you,
Chris
2007-05-23 02:24:39 · 5 answers · asked by Steve S 1 in Business & Finance ➔ Renting & Real Estate
No you cant ~~
2007-05-23 02:32:14 · answer #1 · answered by burning brightly 7 · 0⤊ 0⤋
No. This is not sufficient cause to invalidate a contract. Should you decide to pursue this in a court of law, the presiding judge would be rolling on the floor in hysterical laughter. Any ruling on such a minor error would be based upon contractual INTENT, with little, if any, credence given to the minor error.
You have a valid contract.
2007-05-23 02:35:03 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
I don't think that you can get out of the contract because they had the seller's name wrong. If you back out of the contract then you will lose the earnest money that you put up at the beginning, so decide if it's worth it or not.
2007-05-23 02:30:34 · answer #3 · answered by angela 6 · 1⤊ 0⤋
REGARDLESS OF WHOSE NAME IS ON THE CONTRACT AS THE SELLER, YOU SIGNED THE CONTRACT AND ACCEPTED IT AS THE BUYER. YOU HAVE 3 DAYS AFTER CLOSING TO CHANGE YOUR MIND . IF YOUR 3 DAYS ARE NOT UP , JUST CALL YOUR MOTGAGE COMPANY AND TELL THEM YOU HAVE DECIDED TO NOT TO PURCHASE THE HOME
2007-05-23 02:39:27 · answer #4 · answered by rwtwcwcw 2 · 1⤊ 0⤋
Ask your attorney--sounds like you might have an invalid contract.
2007-05-23 02:29:24 · answer #5 · answered by felix8462 4 · 0⤊ 0⤋