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Updated about 1 year ago,
Right Of First Refusal. Is It a Guarantee?
Hello,
I would like to offer a woman a payment for a Right of First Refusal on her home. I am wondering what can go wrong and if there are ways to guarantee it will work. I am considering offering the RoFR because I do not think she would sell the house now.
For example: 1. What if she has granted the property to someone else in her will?
2. What if she goes into a nursing home and the nursing home places a lien on the property?
3. Etc., etc.,
Is there a way to avoid problems like this?
Thank you!