Hello,
I have a question. In the state of PA is there a time period that a
seller has after closing to reverse their decision to sell and reverse
the whole process? - Basically un-sell a property?
thanks
NFW
In article <>,
wrote:
> I have a question. In the state of PA is there a time period that a
> seller has after closing to reverse their decision to sell and reverse
> the whole process? - Basically un-sell a property?
Only if you have been declared incompetent to enter into a
contract. Otherwise, if you are not in that category, you
owned it because you signed for it. Your only recourse would
be to hire a real estate agent and put it up for sale.
If the house was misrepresented, then you do have a whole
laundry list of legal methods of being made whole. But I
doubt that any of them would include unloading the house.
Your 3rd option is to just walk away and leave both the house
and the mortgage sit. Your ability to get away with that
diminished significantly this past weekend with the advent
of the new bankruptcy laws.
-john-
--
============================================================ ==========
John A. Weeks III 952-432-2708
Newave Communications
============================================================ ==========
"John A. Weeks III" <> wrote in message
news:
> In article <>,
> wrote:
>
> > I have a question. In the state of PA is there a time period that a
> > seller has after closing to reverse their decision to sell and reverse
> > the whole process? - Basically un-sell a property?
>
> Only if you have been declared incompetent to enter into a
> contract. Otherwise, if you are not in that category, you
> owned it because you signed for it. Your only recourse would
> be to hire a real estate agent and put it up for sale.
>
> If the house was misrepresented, then you do have a whole
> laundry list of legal methods of being made whole. But I
> doubt that any of them would include unloading the house.
>
> Your 3rd option is to just walk away and leave both the house
> and the mortgage sit. Your ability to get away with that
> diminished significantly this past weekend with the advent
> of the new bankruptcy laws.
>
> -john-
>
> --
> ============================================================ ==========
> John A. Weeks III 952-432-2708
> Newave Communications
> ============================================================ ==========
The OP asked about a seller backing out after the sale closes, not a buyer.
In article <>,
"googled" <> wrote:
> "John A. Weeks III" <> wrote in message
> news:
> > In article <>,
> > wrote:
> >
> > > I have a question. In the state of PA is there a time period that a
> > > seller has after closing to reverse their decision to sell and reverse
> > > the whole process? - Basically un-sell a property?
> >
> > Only if you have been declared incompetent to enter into a
> > contract. Otherwise, if you are not in that category, you
> > owned it because you signed for it. Your only recourse would
> > be to hire a real estate agent and put it up for sale.
> >
> > If the house was misrepresented, then you do have a whole
> > laundry list of legal methods of being made whole. But I
> > doubt that any of them would include unloading the house.
> >
> > Your 3rd option is to just walk away and leave both the house
> > and the mortgage sit. Your ability to get away with that
> > diminished significantly this past weekend with the advent
> > of the new bankruptcy laws.
> >
> > -john-
> >
> > --
> > ============================================================ ==========
> > John A. Weeks III 952-432-2708
> > Newave Communications
> > ============================================================ ==========
>
> The OP asked about a seller backing out after the sale closes, not a buyer.
You are right, and the answer is still no. Once the sale is
closed, it is a done deal. The only way out is if one party
turns out to have been declared mentally unable to enter into
a contract.
-john-
--
============================================================ ==========
John A. Weeks III 952-432-2708
Newave Communications
============================================================ ==========
Try buying the property back from the buyer by offering a big pile of
"boot".
Hmmm, sounds like a serious case of seller's remorse. Maybe, you could
offer to buy it back at a substantial profit to the current owner's.
after all, you have a real advantage. You know exactly what they paid
for it.
<> wrote in message
news:
> Hello,
> I have a question. In the state of PA is there a time period that a
> seller has after closing to reverse their decision to sell and reverse
> the whole process? - Basically un-sell a property?
>
> thanks
>
wrote:
> Hello,
> I have a question. In the state of PA is there a time period that a
> seller has after closing to reverse their decision to sell and reverse
> the whole process? - Basically un-sell a property?
>
> thanks
No, although they're chipping away at it by the day, the libs still
haven't been able to take away freedom of contract in America.
If all of the elements of a valid contract were met, the deal can not
be reversed.