Sounds odd to me too - it sounds to me as though you are selling on your own and cooperating with the agent who is representing the buyer. My suggestion is to push back on the agent and enlist the support your attorney here on the status of the financing. As prior posters have made clear, a mortgage preapproval should have accompanied the offer that you reviewd - and your contract should have specified a date at which time the bank would have provided a firm mortgage commitment. Once that is done, then unless the buyer's situation changes, you should be good to go. Asking you to step in and provide financing sounds fishy to me - the question is who isn't preforming here? The Bank? The Property (ie, low appraisal)? or The Buyer? You want to sort this out with the assistance of your attorney and the buyer's agent.
Good luck to you,
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