Asked by Maycontract, South San Francisco, CA • Thu May 13, 2010
We started the contract over 30 days ago, we have done inspection and removed inspection contingencies. Then the property doesn't appraised, $50k under. We were promised renegotiation in price, instead agent put pressure on us to remove loan contingency. We did under tremendous pressure. Within 24 hours we rescind our offer and our agent threaten that we could lose our deposit. 1)What right do we have? We feel that we have been tricked into this. We were told there was another buyer with higher bid, but seller never gave us notice to perform. Then we were pressured to remove contingency. 2)Do we have to right to request to see the backup offer? 3) Can we lose all of our deposit?
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