“I’m negotiating to buy a bank foreclosure and just got an addendum form saying the bank can cancel at any time. Do I have to sign that?”
***ANSWER:
Only if you want to buy the home.
But let me put your mind at ease. After selling 500+ foreclosures the past 2 ½ years, I’ve yet to see a bank cancel once they sign the contract as long as the buyer is performing.
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