[WSBARP] Help!! Form 17 Question

[Doris Eslinger]

The appraisal on a new construction home came in 200K below the purchase price of a $2 million home.  No financing nor appraisal contingency.  $250K EM converted to non-refundable deposit released to builder in January.  My clients are not able to come up with additional funds to close and the seller is unwilling to split the EM with my client.   I just discovered that the house number on the Form 17 is incorrect and one digit off (e.g. instead of "1234 Main Street," it states "1230 Main Stree.")  Will this trigger a 3-day rescission period to allow my clients to get out and get back their $250K.  I would really hate for my clients to lose $250K that they cannot afford. Thank you in advance for your help.

Regards,

Doris Eslinger
Attorney at Law
Eslinger Law Office, PLLC
2200 112th Ave NE | Suite 200 | Bellevue, WA 98004 | Phone: (425) 451-3237 |

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