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Backing out of a deal
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Did you sign on the dotted line? The contract is the legal agreement you have made with the seller. Most contracts have certain contingencies where a cancellation is acceptable. To cancel for reasons other than that, there are often consequences and such a decision should not be taken lightly. For the legal consequences of canceling a contract, you may have to consult an attorney |
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Unless you signed a contract you should be able to back out. When it comes to buying a home an oral contract is not binding. |
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