Barrington, IL asked in Real Estate Law for Illinois

Q: I signed a contract for condo in PR w/ earnest $ in Feb 2020 BEFORE Covid. Can I cancel w/o penalty (lost wages)

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1 Lawyer Answer
Drew Ball
Drew Ball
Answered
  • Chicago, IL
  • Licensed in Illinois

A: It depends on many facts that you have not provided in your question. Also, an attorney needs to review your contract before advising you accurately on whether or not you can terminate the contract. I would highly advise you to immediately contact an attorney to discuss your options as the longer you wait the less likely you have grounds to back out of the contract.

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