I Need Help - What is a contingent contract? My x-Mother-In-Law is having a new house built in the SAME neighborhood as me and I don't want her there. Anyways, the new house is contingent. How long does that last? She still has not sold her old house, is there a time frame that hopefully she misses?
2007-05-31 06:58:15 · 6 answers · asked by iamfiesty74 1 in Business & Finance ➔ Renting & Real Estate
Contingent in a contract means that there are conditions listed, and if those aren't met, the contract can be voided. In her case, the purchase might be "contingent" on selling her old house within a certain timeframe - if she doesn't, then she can get out of the contract if she wants to.
She has the right to move wherever she wants to and can afford. So you can hope that she doesn't, but if she does, there's nothing you can do about it.
2007-05-31 07:10:34 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You cannot prevent your ex MIL from purchasing a property near you. A contingent purchase is probably one where her offer to purchase the new house is contingent upon her successfully selling her current house. If another buyer comes along and offers to purchase the house WITHOUT such a contingency, they can probably "bump her" from her accepted offer to purchase, unless she removes her contingency and decides to close the deal on her new house even if the old one is not sold.
2007-05-31 14:03:33 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
lol, a contingent means it wont go through unless some end of her deal is co,plied with. contigent could mean they would not continue building until her old home is sold. it is but its open to a lot of interpretation based on her agreement. i know u dont want her there but u cant stop someone from purchasing property. hopefully she will be a good neighbor and mind her business.
2007-05-31 14:04:01 · answer #3 · answered by spadezgurl22 6 · 0⤊ 0⤋
Ooooh, I'm thinking parameters and limitations. Being an EX mother-in-law, you're in a good position. She may be the grandmother to your children, but she's not your relative.
With a positive, firm spin on your new life, she'll get the message that "drop in" isn't as welcome anymore.
That whole contigent thing could drag out - especially if your market is stale. Don't make trouble where there isn't any - yet. Wait and see how things develop, stay out of it and keep your distance. (Not asking about it should send the message to your Ex-husband.
Good luck
2007-05-31 15:41:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Honey, hold on to your hat, ex mommy-in-law is probably going to be your neighbor unless her present home does not sell. So sorry! I feel your pain. There's always hope though!
2007-05-31 19:11:23 · answer #5 · answered by Janine 2 · 0⤊ 0⤋
Egad! I'd hate to have my ex-inlaws move in my neighborhood......
The others are correct, there really is nothing you can do at this point. Does she know you live there too? What a mess.
2007-05-31 14:19:25 · answer #6 · answered by godged 7 · 0⤊ 0⤋