Q: How can I get out of a contract to sell my home and a POA that they attached to their contract?
I signed a contract with and llc to buy my house and at end of contract was a POA which is state Authorization to sign docs and offers! We didn’t close on 45 th day they made a new contract with a new buyer and have not given me a copy and told me it doesn’t have to do with me! I told the 45 days was up 6th of Oct the closing is on 17th! They said it will be fine and told me they don’t need me at closing! And they will give me the money that was in first contract!
Anyway I have a copy of the second contract it’s for $19,000 more!
A: The LLC is likely engaging in wholesaling. This is a legal, but ethically tricky, activity in selling a contract to another. It is unlikely that you can breach the contract without penalty.
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