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Old 09-21-2017, 01:21 PM
 
1,835 posts, read 3,264,565 times
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First, have an attorney review your documents and see if you have an easy way out of the contract. In Texas, it would be unlikely that you would.

If that doesn't work, and your attorney says you are not going to be able to breach on your own then you move to step two....Are you getting a loan for the house? Do you have a third party financing contingency? Most 3rd party financing contingencies (all of ours in Texas) say that if you can't get financing then you get your earnest money back and the contract is void. Check your contract, see if your has the same language.

If it does, then its pretty simple to get out of this deal...just go buy/lease a car, get a hard hit on your credit and drain your bank account down a bit, and badabing....the bank will deny the loan. Now you are out of the contract, your agent who should have known about the halfway house can't stop you, and you have a new car.

If you don't want a new one, buy a used one. It all just depends on how badly you want out of the deal. There are various ways to achieve your goal...you just need to figure out which ones you can afford to do.
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Old 09-21-2017, 02:33 PM
 
Location: Raleigh NC
25,118 posts, read 16,198,148 times
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Quote:
Originally Posted by BoBromhal View Post
If you want to cancel a contract for any reason that gives you concern, then your contract tells you what the penalties and remedies are in your state.
to tag on to marksmu, from a few days ago...
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