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The seller’s broker has been previously contacted by the state regarding its intent to someday acquire the property to expand the maintenance yard through condemnation, also known as eminent domain
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Disputes is classified as principal disputes. Principal disputes develop between the buyer and seller and result in a refusal of one or the other to act further to close escrow. The refusal of one party to proceed with the transaction might be excused, justified or constitute a breach of the purchase agreement.
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Oppression by the investor exists when the inequality in bargaining power results in no real negotiations, a “take it or leave it” environment. The foreclosure environment itself often presents a one-sided bargaining advantage for an aggressive investor to exploit.
Surprise occurs due to the post-closing discovery of terms which are hidden in the lengthy provisions of the agreement or escrow instructions.
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