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selling your home

Posted by tyco333 on December 18th, 2002 05:25 AM
In reply to selling my home by karen on December 17th, 2002 11:09 PM [Go to top of thread]


I believe there would be a mortgage contingency in the P&S that somewhat exonerates (ie they don't have to go through with closing) the buyer if they, through best efforts, can't get a mortgage to buy your home. I had a similar issue when I sold a condo and my attorney said my options really only were to wait or walk and take the cash deposit. That part is up to you. I'd try to work with the buyer though. Make it clear what your concerns are...I'm not sure, but you may be able to put the house back on the market (ie listed as Under Agreement, Competing Offers Welcome, etc.)

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