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Can A Lawsuit Award Help Me Buy A House?
Question: Can I buy a house with an award from a lawsuit?
Answer: Sure -- if the money is there. But, until the matter is finally resolved, appeals run out, and a check is cashed, how does anyone know that there will be money available for a realty purchase? What if someone contracts to buy a home today with $20,000 in cash due at closing in 60 days -- money to generated from the settlement of a suit. And what happens if the suit is delayed? Money at closing is still required and if the buyer does not close there could be substantial damages -- and maybe another suit....
© 1997 Peter G. Miller. All Rights Reserved.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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