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Gary - November 4th, 2004 1:31 AM

Buyer signed non-contingency (no financial and no home inspection contingency)contract with $30k for $1million residential property. The day before settlement, a third party oil tank testing discovered that underground heating oil tank leaks and soil sampling revealed that the soil has been contaminated. To avoid future environmental issues and liabilities, Buyer wants to backup out of the contract, can he get out of contract and get the deposit back?


Nora Jane - November 3rd, 2004 9:54 AM

Lost of consistant job history. Might be considered a financial risk in the event I would like to refinance my mortgage for whatever reason.

Loren - November 3rd, 2004 9:03 PM

Are you going from a stable job to an unstable job?

Tanya - November 10th, 2004 9:10 PM

As long as you are getting substantial, regular pay cheques I see no problem with this.

Benji Chin - November 11th, 2004 9:23 PM

There could be problems if you are working for a small, unrealiable company.

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