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    Post: backing out of a contract

    Posted by raymond on 2/26/08

    Last year I put down 10% of the purchase price and signed
    a purchase agreement to purchase a unit in a new condo
    construction. The move in date is expected to be 2 months
    from now. Recently, I lost my job and I am wondering if I
    can back out of the contract. I called the developer's
    lawyer and he asked me to wait and see if I can get a job
    as they can forfeit my 10% deposit if the financing falls
    through. Can somebody help me? Thanks!!!

    Posts on this thread, including this one
  • backing out of a contract, 2/26/08, by raymond.

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