John A. Weeks III wrote:
In article . com,
wrote:
I purchased a condo about two months ago and my experience has not been
good. My golf clubs were stolen from my car in the parking lot, the
walls are paper thin, and planes fly overhead.
I thought I read somwhere that condo owners are protected for 90 days
from purchase in case of a breach or something and can actually back
out of the deal. Is this true or am I imagining things?
Do I have any options or am I stuck here? I could sell but it would be
at a loss.
Once you close, it is pretty much your baby. If this was a pre-
construction unit, you could back out up to the point of closing,
but that (a) has to be in the contract, and (b) you still lose
a lot of money when you forefit your deposit.
Whether it's pre-construction or not has no bearing on being able to
back out of a contract, unless there is some specific local law that
applies. In most cases, you can get out of the contract if you are
willing to forfeit the deposit.
BTW, having a 3rd party steal your golf clubs is not any kind
of breach of contract between you and the previous owner. The
problem would have to be something material, like the building
foundation was cracked or the roof was bad. But even then,
you should have had an inspection and walk-through to catch
that kind of thing.
-john-
Simply having something material wrong with a home is not a valid
reason for undoing a sale. In every location I'm aware of, you'd have
to prove not only that there was a significant problem, like a roof
that was shot and leaking, but also that the seller knew about it, did
not disclose it and that you as buyer did not know about it at the time
of sale. Even then, it's would be extremely rare for the actual deal
to be undone. The most you usually get is compensation to fix the
problem.
BTW, am I the only one that thinks the OP is a troll?
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John A. Weeks III 952-432-2708
Newave Communications http://www.johnweeks.com
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