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Dolores Person

Premier Agent

Owner/Broker, MA Lic (25 years experience)

12 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Foreclosure

Advice

  • (1 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

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how can I back out now?

Answer

Get an attorney to review all the documents immediately. You may also want to contact the broker/office manager and ask for their help.  In many cases when buying a foreclosure the bank has disclosure forms that indemnify them from any liability. BE VERY CAREFUL- in 3rd party sales or foreclosures. If you are interested in buying distrssed properties pick an agent that has a LMC or Loss Minigation Certification, like a certified buyers agent, there is additional training to qualify agents to sell foreclosed or pre-foreclosure property.When in doubt, always get an inspection and always use an attorney.

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