Asked by y***@gmail.com
Hi, I recently (mid-month) got my Option to purchase from my seller, who is from a different race than me.
I understand that the ethnic quota is refreshed every start of the month, and it’s is cutting quite close to my option exercise date.
Hypothetically speaking, if the seller wants to back out of the deal, could they drag out the resale application until the next month, in hopes of the racial quota being no longer eligible for us? Is there any way we can “lock in” this month’s quota to ensure we can proceed with the purchase? This seems like a loophole for the sellers if they wish to back out somehow. Thanks.
I understand that the ethnic quota is refreshed every start of the month, and it’s is cutting quite close to my option exercise date.
Hypothetically speaking, if the seller wants to back out of the deal, could they drag out the resale application until the next month, in hopes of the racial quota being no longer eligible for us? Is there any way we can “lock in” this month’s quota to ensure we can proceed with the purchase? This seems like a loophole for the sellers if they wish to back out somehow. Thanks.
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