Legal Question in Real Estate Law in North Carolina
i resently applied for a loan to purchess a home. I was approved but the home owner had to make improvements to the house before he could sell it. He took over 4 month to make the improvement and in that time i have located another house that better suits my needs. i am being told that if I don't go ahead with the purchess of the first house, that I can be sued for the cost of the improvements. Is that true?
Asked on 2/27/14, 10:00 am
1 Answer from Attorneys
Kenneth Love
Ken Love Law
It depends completely on the purchase contract you signed, it is possible if the agreement allows it.
Answered on 2/27/14, 11:11 am
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