Q: Is a house purchase contract created by me, that was signed by my mom and I, legally binding on us?
My mom needed help paying her mortgage payments on her house and could no longer afford paying for it. I informed my mom that I can start paying the mortgage payments as long as she agrees to sell me the house under a contract that we sign. The contract that I created stipulated that I would purchase the house from her through funds provided to her once a real estate asset of mine is either sold or rented out, as well as me taking over the remainder of her mortgage, and an additional $15,000. Both of us signed the contract. Now she thinks she can still sell the house to someone else. Can she do this or is she bound to our contract, meaning the house has been sold to me and she can't sell the house?
A:
Can’t say for sure without first reviewing the contract.
I strongly suggest that you consult with a real estate from your area to get specific advice.
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