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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Equity Purchase Agreement vs. "Conventional" Purchase Agreement? Posted by Kevin Bostic on March 16, 2004 at 10:30 AM Could one use a "conventional" purchase agreement to purchase a house after the NOD was published and just put "subject to existing financing" instead of using an "equity purchase agreement"? If one did use a "conventional" purchase agreement, would one still have to put the 5-day right to cancel warning, and wait the required 5 days before providing any money or other consideration? Does the 5-day right to cancel only pertain AFTER the NOD is issued? In other words, if you were to get to the homeowner somehow BEFORE the NOD was issued, could you immediately give money and get the deed without having to wait 5 days? What if the NOD had been issued, but you didn't know it? Could you get in trouble? Could the sale (i.e. grant deed) be reversed/cancelled? Would that happen only if the seller changed their mind after they deeded it to you? Thanks! allcash Follow Ups: Ignorance of the law won't help you... Ward-CA- 11:01 PM, 03/16/04 (1) Re: Ignorance of the law won't help you... Rob 6:11 PM, 03/17/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Could one use a "conventional" purchase agreement to purchase a house after the NOD was published and just put "subject to existing financing" instead of using an "equity purchase agreement"? : If one did use a "conventional" purchase agreement, would one still have to put the 5-day right to cancel warning, and wait the required 5 days before providing any money or other consideration? : Does the 5-day right to cancel only pertain AFTER the NOD is issued? In other words, if you were to get to the homeowner somehow BEFORE the NOD was issued, could you immediately give money and get the deed without having to wait 5 days? What if the NOD had been issued, but you didn't know it? Could you get in trouble? Could the sale (i.e. grant deed) be reversed/cancelled? Would that happen only if the seller changed their mind after they deeded it to you? : : Thanks! : allcash 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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