If you need to or chose to cancel a purchase agreement there is a formal process that must be followed
to be effective. Simply delivering a voluntary cancelation to the other party is not effective.
There
are a number of ways to cancel a purchase agreement:
1.
A 30 day cancelation.
2. A 15 day cancelation
- two different types.
We can go through the conseqeunces
of each so that you can better decide which process best services your interests. We can also help you and/or your
real estate agent so that you can immediately start marketing the property even though the first purchase agreement has not
yet been cancelled. You can start the process by completing the form below and sending it in or you can contact us at
763.862.6100 or by e-mail at nash@nashandlodge.com.
Contracts for Deed can be cancelled a number of ways:
1. With a formal 30 day statutory cancellation. This is a non-judical procedure; however, the process is precise
and will not hold up if not closely followed. They buyer has to either cure the default or bring a lawsuit and obtain a Temprary
Restraining Order stopping the completion of the cancellation in order to stop the cancellation.
2. Can be cancelled by a court action (a lawsuit). This is expensive and is not neccesary except for in limited
situations.
f you are looking to cancel a contract for deed or are facing
a cancelation, you can fill out the form below and send it to us or you can contact one of our attorneys at 763-862-6100 or
can e-mail us at nash@nashandlodge.com.:
