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when purchasing a home what do they mean by "binding contract"?

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Anonymous

Asked by Anonymous at 12:59 AM on Jan. 12, 2010 in Money & Work

Answers (3)
  • that means you are bound (HAVE TO) follow through with purchasing the house.
    Anonymous

    Answer by Anonymous at 1:00 AM on Jan. 12, 2010

  • That means that it is a LEGALLY binding contract and you are BOUND by LAW to follow through with the contract.
    RutterMama

    Answer by RutterMama at 8:13 AM on Jan. 12, 2010

  • If you back out they will sue you!
    Anonymous

    Answer by Anonymous at 11:16 AM on Jan. 12, 2010

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