Tag

specific performance

Pre-Negotiating a Low Appraisal on the Financing Addendum

Weighing Defensive Clauses, Offensive Clauses — & No Clauses [Editor’s Note:  Nothing in this post or on this blog should be construed as offering legal counsel.  If you require legal advice, please consult an attorney.] “Home must appraise at or above sale price.  If appraisal is below that amount, Buyer shall have the right to renegotiate this...
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Residential Real Estate Law 2011: ‘the more things change . . .’

Pop Quiz Quick, test your knowledge of residential real estate law by answering the following question: What accounts for something like 90% of all litigation involving residential real estate today? A. Actions for “specific performance” — that is, a lawsuit where either the Buyer or Seller asks the court to compel the other party to consummate...
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