Virginia | Real Estate Law
Legal Question
earnest money
I recently paid $500 earnest money and signed papers indicating interest in a house in Portsmouth, Virginia. After I signed those papers I learned that this area of Portsmouth is the worst for crime and drugs. There is a housing project just around the corner from where the house is located that is the focus of a lot of this crime. There have been shootings there. I am very concerned that, with the many times that I leave my home in the dark and return in the dark, I could end up assaulted. In addition, I just learned that the pipes in the house have a high likelihood of having asbestos insulation. I am deeply concerned about this too. My real estate agent claims she did not know the neighborhood was this dangerous and that I cannot back out of the deal at this point; that it will cost me a substantial amount of money. Is this true? The zip code of this house is 23704. Thank you for your help in this matter. I am very concerned.
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Read More Answered By: Daniel Press |
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