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My daughter is due to make a down payment payment on a house…

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My daughter is due to...
My daughter is due to make a down payment payment on a house shortly and if not will lose a considerable sum of honesty money. Tonight on the news there is a report that traces of lead have been found in the area close to her house from an a closeby industrial plant. She is reconsidering whether to go ahead, because of health concerns. The contract says tests have to be done and she has had it tested for mould and some gas. I do not think it mentioned lead testing. She has been told by the real estate agent if she backs out now she will lose $5,000 honesty money. What can she do? If she changes her mind is there some way she can get money back?
Submitted: 2 years ago.Category: Real Estate Law
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2/22/2016
Real Estate Lawyer: Loren, Lawyer replied 2 years ago
Loren
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 39,853
Experience: 30 years of real estate practice experience.
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Good morning. I am Loren, a licensed attorney, and I look forward to assisting you.

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Real Estate Lawyer: Loren, Lawyer replied 2 years ago

Is your daughter within an inspection period or other contingency period, such as finance or attorney approval?

Does the contract contain any environmental warranties or reps?

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Real Estate Lawyer: Loren, Lawyer replied 2 years ago

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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