California  |  Real Estate Law

Legal Question

Asked on: 9/22/13, 6:26 pm

I am in the process of purchasing a below market rate condo through the Mayor's Office of Housing.

We have 2 contracts from the seller. The seller wants to void the original one, and replace it with the second one-- which includes many disclosures that favor the seller while creating many a disadvantages for the buyer.

I was told by the Dept. of Real Estate that the original contract is still valid, if I did not sign the second one. I haven't.

In the meantime, I have drafted up a third contract which reflects the seller's contracts-- only without all the disclosures that would put the buyer at a disadvantage.

My question is this: If I present the third contract, does this make void the original one?

Thx

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