It depends on many factors. I would start with having a local real estate agent review your areas recent sales and go over a market analysis with them, then meet with a lender to see what you qualify for on the buyer side, and see if there is anything available In General for the range you qualify for with the criteria you are looking for.
Escrow is a 3rd party in charge of distributing the funds to the correct people. They would be in control of the deposit. Because both of you are disputing who should get the deposit back, escrow will need to review the contract and situation to determine where the deposit should go. This is usually done within 17-21 days of escrow not 45. You may have never signed off the loan contingency but after 21 days the seller or their agent should have given you a notice to perform and after 2 days they would have the right to cancel the escrow, put their home back on the market and returned your deposit. Time and effort is lost but everyone would move on and put it behind them. I can see them being very upset that you are cancelling after 45 days but it should have never gotten that far. If this was a FSBO then it's another good reason why a profession in the industry should be involved. If there are realtors involved then the seller should have done better research on the agent they hired.... more
Roof issues can be construed as potential "Safety" as well as "Health" related. As a 30 year general contractor, developer, broker I would say that the lender has the right to exercise on the side of caution.... more