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How would i back out of a contract as a seller when attorney

Customer Question
review has ocurred? JA: Where is...
how would i back out of a contract as a seller when attorney review has ocurred?
JA: Where is the property located?
Customer: New Jersey
JA: Has any paperwork been filed?
Customer: just attorney review and contract
JA: Anything else you want the lawyer to know before I connect you?
Customer: i want to know what my liability wuld be
Submitted: 1 year ago.Category: Real Estate Law
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Answered in 5 minutes by:
10/19/2016
Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago
Attyadvisor
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 7,717
Experience: 30 years of experience in General Practice, Real Estate Law and Estate Law.
Verified

Welcome and thank you for your question. I will be the professional that will be assisting you.

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Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

The issue for the seller is the purchaser would need to breach a provision of the contract or ask for an extension that you do not need to grant. Is the purchaser using lender financing?

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Customer reply replied 1 year ago
I am the one that wants to back out not them
Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

Have they been approved for a mortgage?

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Customer reply replied 1 year ago
What is my out? Will I get sued?
Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

I understand the situation I just want to find a way that you would not get sued.

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Customer reply replied 1 year ago
THey were approved early for the mortgage
Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

One out is if the purchaser needs additional time and you refuse to grant it and terminate the contract. THey were approved early for the mortgage Is the approval unconditional?

Is there a realtor involved that listed your property?

The other option is the Purchaser can agree to a termination provided they are reimbursed for their costs or you just back out and see if they sue for specific performance.

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Customer reply replied 1 year ago
there is a realtor , he doesn't seem to know answers. I can offer expenses , and see if they s
Customer reply replied 1 year ago
Do not want live call thanks
Customer reply replied 1 year ago
Cancel live call
Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

Between us the realtor should not offer legal advice. That being said you want to make sure the realtor does not sue for their commission as well.

The ideal situation would be to work out a settlement and walk away with all parties signing off and agreeing to pursue any action against you.

I don't want you to pay for a live call, the site sends out the request. It is my pleasure to continue to work from here at no additional charge to you.

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Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

Pursuant to the terms of service of the site the Attorneys cannot enter into an Attorney/Client relationship with the customers. That being said I can provide information and a local attorney that provides FREE consultations.

Where are you located so I can provide a link for a local Attorney that provides FREE consultations. They can write up a settlement agreement that will cover any potential for a lawsuit against you.

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Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

Where in New Jersey are you located?

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Real Estate Lawyer: Attyadvisor, Attorney replied 1 year ago

There is no live call. Would you like to provide a link for local real estate attorneys?

Please do not hesitate to ask me any additional questions that you may have with regard to this matter as it would be my pleasure to assist you.

If you would be kind enough to rate my service positively so I will receive credit for my work I would appreciate it.

The Attorneys on the site do not receive credit for their time or work if the customer does not rate us positively. There is no additional charge to you for a positive rating and you can still receive a refund. Thank you for your consideration.

You may not be aware that the attorneys on the site only receive credit for their work when the customer takes the time to rate them positively. Thank you for your consideration.

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Attyadvisor
Attyadvisor
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 7,717
7,717 Satisfied Customers
Experience: 30 years of experience in General Practice, Real Estate Law and Estate Law.

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