Q: I am under contract on a house (that has beginning stages of mold found after inspection). We put in a contingency
In our offer that it must pass home inspection. Inspection was scheduled before the required date, but due to inspectors schedule, was completed after the required date, the seller agreed to this date. Since mold is present and the home must have a new roof, we do not wish to continue with the purchase. The seller will not sign the release for the contract. Our realtor says there’s no real time limit for this. How can we get out of this contract or does it eventually expire? Mind you, we have a 7month old son who we obviously do not want in a home that has signs of mold present.
A: From what you stated, it appears that a lawsuit for the termination of the contract and the return of the deposit may be your only solution.
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