Residential Property Wholesaling Protection Act provides homeowners with a right to cancel a residential property wholesaling contract within 30 days.

The North Carolina Residential Property Wholesaling Protection Act aims to safeguard homeowners in residential property wholesaling transactions. It mandates that purchase contracts include a notice of the homeowner's right to cancel the contract until midnight of the 30th day after signing or until the deed is conveyed, whichever is earlier. The homeowner must receive a receipt for the notice of cancellation. If the homeowner cancels, any earnest money paid remains their property, and they are not liable for damages.

Residential Property Wholesaling Protection Act provides homeowners with a right to cancel a residential property wholesaling contract within 30 days.

The North Carolina Residential Property Wholesaling Protection Act aims to safeguard homeowners in residential property wholesaling transactions. It mandates that purchase contracts include a notice of the homeowner's right to cancel the contract until midnight of the 30th day after signing or until the deed is conveyed, whichever is earlier. The homeowner must receive a receipt for the notice of cancellation. If the homeowner cancels, any earnest money paid remains their property, and they are not liable for damages.