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Updated almost 3 years ago on . Most recent reply

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Seller chnages mind about selling price

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Seller verbally agrees to sell their property at a agreed upon price but changes their mind, no docs signed to confirm verbal agreement, can I legally record a notice of interest on this property to protect my interest. I have taken the steps to secure financing although I don't have a signed purchase agreement, I do have the agreement recorded.

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John Clark#5 Market Trends & Data Contributor
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Quote from @Dominic Castleberry:

Seller verbally agrees to sell their property at a agreed upon price but changes their mind,. . .  I do have the agreement recorded.

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What do you mean you "have the agreement recorded"? Were you wearing a wire during your conversation? What is the state law regarding recording someone, with or without consent? If you were recording a telephone conversation, you need to check federal law too, as your phone is used in interstate commerce.

Talk to a lawyer before you do anything, including maybe slandering the guy's title.


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