Your contract is what will determine your ability to cancel the sale. Keep in mind that if you cancel the sale due to something outside the options in the contract, you could be held liable for the expenses of the buyer including title searches, mortgage fees and the commission to the brokerages involved. I'd recommend you call John Kosylo, 856-228-9455 and ask for his opinion and advice. John is a real estate attorney who's office is in Washington Twp but is very familiar with Glassboro and the Gloucester/Salem Counties Board of Realtors contract. Let him know I referred you.
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