Posted by md on 11/18/06

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Hi, I am purchasing a fixer uper house in Bonsall
california without a realtor. The offer is in escrow since
10/13. The seller contigencies are to remove the lis
pending and the tax liens which are in progress. Our,as
buyers, contigencies are onsite inspection by one of the
partner and closing date by 11/31. After the inspection,
we found some extra need problem: clogged leach lines and
crack weigh bearing wall in the basement. We asked for
extention to further invetigate or $10K deduction. After 2
weeks waiting for their response, today we were just
informed by the owner's attorney that they have a better
offer and want us to up our price. I am looking for some
legal help to see what legal right do we have with our
offer? Do both parties can get out of the deal if the
house is not able to closed by 11/31? Thanks
Attorneys Pursuing this Case

realestate sale contract, 11/18/06, by md.

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