We have put a deposit down on a new condo which is projected to be finished in November. The loan through
their mortgage company was approved (though not a final approval until we lock in the rate as I understand it?) So my question is if our situation changes (recently divorce has been thrown on the table) how difficult is it to get out of our home commitment and how would it effect our credit?
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FIRST ANSWER
I would imagine you could get out of deal; however you may lose any security deposit you put down. I would take the purchase contract to an attorney for review.
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Answered Fri Mar 7 2008, 13:13 by Dineen Grosso in Northern Barton Heights
Answered Wed Oct 31 2007, 14:41 by Jeff Mays in Northern Barton Heights
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