With some luck, the seller will allow you time to try to get a loan through somebody else, or possibly even consider attempting to finance the property for you (for a limited time until you agree to a refinance).
If the pie doesn't work, and it is America, and it should, well, hopefully you didn't leave a lot of earnest money in holding.
options are..... also is there a chance to change the closing date and for the lender to still consider giving
you the loan under different terms ???? It is essential for you to have an attorney look over the sales contract terms, and get the attorney's advice on how to proceed in your very best interest,
It is impossible for us here and as Realtors to give you legal advice, contact immediately your
attorney... The something cam up part of your description is obviously an important part, so make sure
that your attorney has all the facts besides copy of the contract and the response and reasons of the
Good Luck to you
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You may end of formfitting your earnest monies. Remember I said "may". You should be working very closely with your attorney at this point. It is his/her job to guide you and negotiate on your behalf. By you saying your loan is suspended do you mean it will not go through at all?
Best of luck to you.
Your attorney should be advising you on this.
How did this happen? I had a previous experience with a buyer client where the loan at the last minute was denied, there were no penalties at the time but it really depends on the circumstances.
The "something" that came up is going to be a big part of determining this.
You need to speak with your attorney immediately. This is purely a legal matter but hopefully your attorney has you covered.
Best of luck.
Ian Halpin / Broker
Jameson Sothebyâ€™s International Realty
425 W. North Ave. / Chicago, IL 60610
O: 312.335.3220 / F: 312.229.9190 / C: 773.531.4479
email@example.com | http://www.jamesonsir.com