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  2. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    Keep in mind:Legally, a seller's best bet for successfully backing out of a sale is if a contingency written into the contract has not been met. Legally, a seller’s best bet for successfully ...

  3. 72-hour clause - Wikipedia

    en.wikipedia.org/wiki/72-hour_clause

    A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

  4. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    First, where a party to a contract exercises an express right of termination, he or she is sometimes said to have exercised a right to rescind the contract. Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law.

  5. Interstate Land Sales Full Disclosure Act of 1968 - Wikipedia

    en.wikipedia.org/wiki/Interstate_Land_Sales_Full...

    A regulated developer is to provide each purchaser with a disclosure document called a Property Report. The Property Report contains relevant information about the subdivision and must be delivered to each purchaser before the signing of the contract or agreement and gives the purchaser at a minimum a 7-day period to cancel the purchase agreement.

  6. Option fee - Wikipedia

    en.wikipedia.org/wiki/Option_fee

    In a real estate context, an option fee is money paid by a buyer to a seller for the option to terminate a real estate contract. Option fee funds should not be confused with earnest money. The use of option fees is most common in the residential resale market in Texas. [citation needed]

  7. 'Nobody here to help me': Florida woman, 91, fights for her ...

    www.aol.com/finance/nobody-help-florida-woman-91...

    Fidela Rodriguez, a 91-year-old woman in Lakeland, Florida, worries she’s about to lose her home. The Puerto Rican native heard a commercial on the radio about a company that buys houses and ...

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