Q: Are we stuck in the Purchase Agreement?
Seller signed Disclosure form on Feb 20 stating that there were no septic problems. Seller had septic inspection on Feb 25 indicating a new septic tank is needed. We (buyers) signed Purchase Agreement on Feb 28. We signed Disclosure form on Mar 3 and shortly after removed inspection and appraisal contingencies. Seller disclosed the septic problem on Mar 11.
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