We recently signed contracts for a property in another state and somehow the contracts got lost in the mail. These contracts were completely signed by both parties. It would have settled this week.
So the real estate wrote up new contracts and has sent them out for the vendors to sign first and the vendors are stuffing around getting them back to us. They dont seem in any hurry to sell
In the meantime, the real estate is holding a substantial deposit of our money, while they twiddle their fingers. They also had the original contracts turn up in the mail in the meantime.
So what I am wondering is does the original contract just become null and void as the original settlement day rolls by?
AND if we decide not to sign the new contracts, we will be able to get 100% of our deposit back, right?
So the real estate wrote up new contracts and has sent them out for the vendors to sign first and the vendors are stuffing around getting them back to us. They dont seem in any hurry to sell
In the meantime, the real estate is holding a substantial deposit of our money, while they twiddle their fingers. They also had the original contracts turn up in the mail in the meantime.
So what I am wondering is does the original contract just become null and void as the original settlement day rolls by?
AND if we decide not to sign the new contracts, we will be able to get 100% of our deposit back, right?