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Ask Maverick Your Own Question
Maverick, Lawyer
Category: Real Estate Law
Satisfied Customers: 5745
Experience:  20 years professional experience
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Purchase agreement with Pulte i put a down payment of 20K

Customer Question

JA: Hello. What is your issue regarding?
Customer: purchase agreement with Pulte i put a down payment of 20K and signed contract on 9/14
JA: Where is the property located?
Customer: now i changed my mind Michigan Canton,Mi
JA: Has any paperwork been filed?
Customer: yes i signed contract electronically
JA: Anything else you want the lawyer to know before I connect you?
Customer: they didn't take the money yet from my bank
Submitted: 1 month ago.
Category: Real Estate Law
Expert:  Maverick replied 1 month ago.

Welcome! My name is***** give me a few minutes to analyze and/or research your inquiry and I will be back.

Expert:  Maverick replied 1 month ago.

You can place a stop payment with the bank and this will stop them from taking the money out of your account; but you may get sued for breach of contract.

Michigan's Home Solicitation Sales Act (HSSA) gives consumers who are solicited in their homes three business days to decide whether to cancel a contract. You are protected by Michigan's HSSA when:

  • The solicitation for the sale was initiated by the seller, through a personal, written, or telephone contact;
  • The solicitation was received at your home (this includes mail or telephone calls, but not newspaper ads);
  • Your agreement to purchase (contract) was given to the salesperson at your home, AND
  • The goods or services purchased are worth more than $25.

The above law may or may not apply to you.

Read your contract thoroughly. Merchants who fall under this law are required to provide written notice in the contract that you have a right to cancel and explain what you must do in order to provide notice of your decision to cancel. If this information is not provided, then the length of time to cancel may be extended.

It may be better to cancel now in writing than not as you can always negotiate a settlement since not much time has passed.

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