Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The deposit shall be returned to the buyer and the purchase agreement shall be declared null and void for all of the following reasons EXCEPT:

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22-07-2022
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Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The deposit shall be returned to the buyer and the purchase agreement shall be declared null and void for all of the following reasons EXCEPT:

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MubeenaD MubeenaD · Answer 1 · 2022-08-02T12:20:34+02:00

The deposit shall be returned to the buyer and the purchase agreement shall be declared null and void for all of the following reasons EXCEPT The buyer changes his mind about the property.

When a fault is reported by the buyer, the seller has 30 days to fix it or get a closing title insurance policy. Any effort on the part of the seller to resolve a title dispute or get a closing title insurance policy will not be interpreted as an acknowledgment of a problem. Seller's only obligation is to return the Buyer's deposit if, in Seller's judgement, the objection cannot be eliminated or removing it would be unprofitable.

This Agreement shall cease and be void upon receipt by Buyer of the Deposit, and Buyer and Seller shall be relieved and discharged from all further claims and obligations to one another hereunder, with the exception of those that expressly continue beyond the expiration of this Agreement. None of the provisions of this Agreement, regardless of any other term to the contrary, shall obligate Seller to commence any legal action or make any payment, including any payment in excess of $5,000.00, in order to resolve any title issues.

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