Quote:
Originally Posted by CRH911S
Because one made a poor investment choice is compelling enough of an argument? I'm not an attorney but I'm not stupid either.
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I think you could argue that an unexpected catastrophic market collapse that slashed 50% (or more) off the value of the home you just agreed to purchase ought to be treated as a force majeure event that entitles the purchaser to walk or renegotiate.
If you're a really clever dick attorney and also lead evidence that the bank that granted the mortgage in the first place recklessly pushed that mortgage down the hapless buyers throat thereby helping to bring about the force majeure event (ie., the market collapse)...well I have heard a lot sillier arguments made in court.