Q: If addendum purchase agreement expires on a date does that mean a purchase agreement is expired ? Is it consider voided

A: When an addendum to a purchase agreement expires, the effect on the main purchase agreement depends on the terms outlined in both the original agreement and the addendum itself. Typically, an addendum modifies or adds to the existing terms of the agreement, and if it includes a deadline that is not met, the specifics of the addendum may no longer be valid. However, whether the entire purchase agreement is considered voided as a result depends on the language and clauses within both documents.

If the seller failed to provide all required financial documents by the deadline specified in the addendum, this could potentially be a breach of the agreement, depending on how the terms are structured. The consequences of such a breach would again be determined by the contractual language, which might include provisions for extension, renegotiation, or termination of the agreement under certain conditions.

In such scenarios, it's advisable to consult with an attorney who specializes in real estate law. They can review the specific terms of your purchase agreement and addendum to advise on your legal rights and options. This may include negotiating an extension, enforcing specific performance, or exploring the possibility of terminating the agreement and recovering any damages.

Understanding your contract's specifics and seeking professional legal guidance can help protect your interests and determine the best course of action moving forward.