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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Use the Addendum form.. Posted by Ward-CA- on November 09, 2003 at 11:08 PM In Reply to: Purchase Agreement posted by Camille Calenda on November 07, 2003 at 4:56 PM : Hi Ward-- : Would you consider adding an area/sentence in your purchase agreement that charges sellers a cancellation fee if they back out of a transaction? I didn't see this on the agreement but I just had it happen. The seller signed all the paperwork and I opened escrow and then he gave me the run around for a couple of months and finally said he decided not to sell. My escrow agent was not too happy and I wasn't either. What can I do to deter Sellers from doing this that is in writing? : Thanks! : Camille :) ============== Camille, You can add whatever you want to your purchase agreement by employing the Addendum form. Refer to it for any situation not covered in standard agreement. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward-- : : Would you consider adding an area/sentence in your purchase agreement that charges sellers a cancellation fee if they back out of a transaction? I didn't see this on the agreement but I just had it happen. The seller signed all the paperwork and I opened escrow and then he gave me the run around for a couple of months and finally said he decided not to sell. My escrow agent was not too happy and I wasn't either. What can I do to deter Sellers from doing this that is in writing? : : Thanks! : : Camille :) : ============== : Camille, : You can add whatever you want to your purchase agreement by employing the Addendum form. : Refer to it for any situation not covered in standard agreement. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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