"House of Cards???" That hurts JJ! Those guys were using phony
appraisals to rip off the mortgage companies. That doesn't have
anything to do with a contract contingency to void a deal (by the
way my contract was not ready to be signed before the election so it
became a non-issue anyway).
In defense of the "election contingency" it was just me being
cautious about an investment. It was my belief (and I couldn't care
less who agrees/disagrees with me since it is my investment) that if
the candidates who were promising to stop and/or re-negotiate with
the current Master Developer had won three seats, we would have
ended up with litigation, not development. I'm not saying those
candidates were bad intentioned, but I believed litigation to be the
likely result of thier actions, intended or not. Enough stalling and
litigation could create a risk of the Master Developer putting the
LLC into Bankruptcy, and we would have had Carabetta all over
again. Real Estate in Asbury would drop like a stone if that
occurred. I was not willing to risk that investment, even if others
on this board were willing to do so. Call it belt and suspenders if
you wish, but it was just a personal decision on my part about being
risk adverse.
--- In AsburyPark@yahoogroups.com, "jerseyjohn99"
<[EMAIL PROTECTED]> wrote:
> Election Contingency?!? I didn't realize the "House of Cards"
thieves
> were out of prison already!
>
> In a booming real estate market, what seller in his right mind
would
> offer to void a contract contingent on the inherent risk we face
> living in a democratic society???
>
> You must have one fast talking lawyer representing you, and the
seller
> must have a fool representing him.
>
> --- In AsburyPark@yahoogroups.com, "bluebishop82"
<[EMAIL PROTECTED]>
> wrote:
> >
> > I put an offer on a property here in AP, and insisted upon
> > an "election contingency" that would allow me to void the
contract
> > if I did not like the outcome of the election.
> >
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