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re: LA Attorneys - Buying a home (hurricane) question

Posted on 9/8/17 at 7:37 am to
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101930 posts
Posted on 9/8/17 at 7:37 am to
quote:

However, prior to the closing , Hurricane Katrina hits South Louisiana and destroys the home. Who would be on the hook?


Prior to closing, you can walk away. You don't own the home yet.
Posted by Forkbeard3777
Chicago
Member since Apr 2013
3841 posts
Posted on 9/8/17 at 7:40 am to
quote:

Prior to closing, you can walk away. You don't own the home yet.



1.)Would I have any issues with the lender (let's say I signed the promissory note)?

2.) What if I had signed the contract, but the deed wasn't passed over to me (or the lender) yet and then Katrina destroys the home?
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