I could have sold mine several times but FHA and other mortgage lenders' requirements for comparables have made it impossible. One lender said if others in the area sell (which there are 4 within 1 mile of mine but none are up for sale), I would have a better chance. But if they won't loan on mine, why would they on anyone elses? I have been trying to sell for over 3 years now and this is making it boil down to cash only!... more
There are often contingencies in the mortgage committment and those were not fulfilled or if something else came up, such as job change/loss, change in credit (which banks generally check again before closing), etc. that contingency could potentially be revoked.
I would suggest speaking to your attorney rather than the buyers attorney to see possible action you might be able to take.... more