| Name:
Kim
Title of Question:
escrow failue |
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Question: We recently sold our house to a couple who put $10,000 good faith money down. After the inspection, they decided they didn't want to buy the house because the pipes are plastic and not copper. Is this a legitimate reason for cancelling escrow? |
Post Your Answer To The Question Above:
Name:
ladybug
| Date: September 15, 2005, 12:37 am
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| Name:
Ken. George
| Date: September 15, 2005, 11:26 am
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| Name:
sthflrealtor
| Date: September 16, 2005, 1:13 am
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| Answer:
Yes unless your contract waived inspections. Also, if you executed an "AS IS" contract with the Buyer and the alloted time period passed without notice, you can go after the escrow. From the sound of your question, either you didn't use a Realtor for the transaction or you simply do not believe your Realtor. Read your contract and the answers should be clear. Good Luck!
Your SouthEast Florida Realtor & Mortgage Broker |
| Name:
Tom
| Date: September 16, 2005, 2:02 pm
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| Answer:
Yes. PVC piping is the new questionable toxic substance. Since the plumbing is not readily observable and an inspection item, if PVC shows up on the inspection, you cancel the contract if you care. Another issue is PVC siding (pvc the new lead paint issue). However check with your local laws and a licensed attorney in your state |
| Name:
Barak Martin
| Date: August 23, 2006, 7:55 pm
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| Name:
Barak Martin
| Date: August 23, 2006, 7:56 pm
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| Answer:
Yes it a legitimate answer |
| Name:
HANI HABEEB EMSALLAM
| Date: October 30, 2006, 5:47 am
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| Name:
nawaf
| Date: October 30, 2006, 5:49 am
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| Name:
gerald
| Date: October 30, 2006, 11:20 pm
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| Name:
hari
| Date: January 4, 2007, 8:51 am
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| Answer:
They have to inspect first .
it is a mistake of couple |
| Name:
JIGNESH
| Date: May 29, 2007, 8:33 am
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| Answer:
no not realy beacuse they mite have a lot of money so they could of made the pipes how they would of wanted it |
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