Asked by Scott, Minnetonka, MN • Mon Jan 5, 2009
My wife and I are trying to purchase our first home. It's a foreclosure and is being sold as-is. All of the vearbage has been about the as is nature of the house. The have just asked us to sign and addendum with the following line item;
13. Seller shall have the absoulte and unilatteral right to terminate the contract at any time prior to and including the day of closing, without cause, upon written notification delivered to the buyer or buyers agent. In the event the seller exercises it's rich to terminate the contract, buyers sole remedy shall be to recieve a return of buyers earnest money deposit and all parties shall thereafter be relieved of all obligations under the terms of the contract.
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