Is the Buyer Short of Cash?  Not Committed to Deal? [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Normally in Minnesota, the Buyer’s earnest money is due to the...Read More

  “Subject to” . .  “Statutory” . .  . “Cancellation” . . . Huh?!? [Editor’s Note:  In addition to “statutory cancellation,” there is another legal status called “subject to statutory Rescission.”  At least in Minnesota, purchasers of condo’s and townhomes have a 10 day right to rescind while they review the related Association disclosures. While that...Read More

“Subject to” . .  “Statutory” . .  . “Cancellation” . . . Huh?!? [Editor’s Note:  In addition to “statutory cancellation,” there is another legal status called “subject to statutory Rescission.”  At least in Minnesota, purchasers of condo’s and townhomes have a 10 day right to rescind while they review the related Association disclosures.   While that 10-day...Read More