i have a contract for a condo and the owner has exceeded the date of the expiration of the contract. I have a "time is of the essence" clause . i want to see if that is good enough to get out of the contract. The condo is in Delaware. Can i find out without getting a lawyer?
deal went too long due to the title company that i picked took too long
edward_I said:
Feb 06, 09 at 7:05 amYUP! You can void the contract. The owner has not accepted if he did not comply with "time is of the essence".
The clause is there for a reason, so that one cannot delay and consider a higher offer.
If you offered his/her asking price, they are OBLIGATED to sell it to you. Otherwise, penalties are in order.
Where in hell is your Realtor?
I know all about some. Geeezzz.