1,844,301
It never was 'ratified' until everyone signs it. Needs a new acceptance date - final date of initials.
Your contract was not ratified on Friday - it's today. We call it the acceptance date in IL.
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Tammy Lankford,
Eatonton, GA
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Candice A. Donofrio
Fort Mohave, AZ
1,525,616
I agree with Gabe Sanders, I would check with a real estate attorney or your broker if you are an agent.
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Lise Howe
Washington, DC
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Pete Xavier
Pacific Palisades, CA
4,800,082
Check with your local real estate attorney, but here in FL if only initials were added it should not need any other initials, though, the contract may be void because of the time it took to get the initials. The effective date is when the last initial was signed.
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Lyn Sims
Schaumburg, IL
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Pete Xavier
Pacific Palisades, CA
1,622,432
Yes, any modification or change should be signed and dates by both principals, but since the agreement was reached on that certain day, a mare missed initial will not change the date of a final mutual contract~ just my guess, do verify with your broker.
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Inna Ivchenko
Encino, CA
1,027,602
I'm going to join the chorus of check with your broker because contracts vary by locale, but in our area, if you were missing signatures and initials, you were never ratified in the first place.
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Candice A. Donofrio
Fort Mohave, AZ
634,482
Depends on the rules and law in your area, but otherwise I'm with Candice A. Donofrio on this one.
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Candice A. Donofrio
Fort Mohave, AZ
1,052,211
This is a great Q and it's too bad you are an Anon (but I understand, it is a current deal so no problema)
OUR (AZ) Contract has a clause in it called 'ENTIRE AGREEMENT' and specifically states that failure to initial any page of the Contract shall NOT affect its validity and terms.
I would:
1. Check to see if there is a similar clause in your Contract.
2. Have your broker review this and do the same, then advise.
3. If there is any question after that . . . check with legal counsel.
And if you are my agent, I am gonna threaten you to get all those spaces initialed and signed before I will sign off on it. :D
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Lyn Sims
Schaumburg, IL
2,071,025
1,598,452
6,393,404
3,988,007
If it wasn't fully signed it is not ratified and you need to get it done and satrt the clock again.
321,564
3,727,873
613,494
Contrary to what most agents think...missing an initial does not make a contract invalid or postpone the effective date, (unless the contract specifically states that).
The intent is as important as the ink.
Eve
3,071,489
4,572,183
7,836,134
2,362,948
2,684,109
3,164,294
We call it "binding agreement date" in my state and nothing can be not signed, initialed or changed afterward unless by amending the contract.
2,161,048
The effective date here is the date that the last of the parties have signed, initialed, and dated all changes. Any additional changes thereafter would best addressed on an addendum to contract.
5,583,278
1,157,785
You should obtain legal counsel from a lawyer qualified in the jurisdiction that your question relates to.
1,466,207
Technically the contract was not ratified, if there were missing initials or signatures on the original offer. Check with a real estate attorney for clarification.
1,712,676
Ask your real estate teacher or consult your state real estate commission or contract law.
1,502,998
Tough one. I'm going with "check with your attorneys" since I've not been in this position before.
1,239,901
That depends on whether it impacts sales $, terms of contract.
If it is an endorsement of a routine disclosures. Earth quake manual, water heater etc not impact lender. I don't see why.....
2,781,173
Original date or incept date prevails. Everything is tied into that. Any changes need initialing. When in doubt do intead of dont do
921,504
I am unaware of the existence of ratified contracts in real estate.
We do deal with contracts and contract dates which is the effective date.
Because there may exist a great separation in understanding because we are NOT using a common Lexicon,you should refer to your broker or attorney for direction.