Asked by Melissa Gillespie, Louisiana • Tue Aug 26, 2014
We've been in the process of buying a house. One of our inlaws was constantly talking about moving in with us which would make buying this house just fine for us. Now she's talking vehemently of backing out and finding her own place. That's fine but it makes things harder on us. There's just the two of us, and this house would be 1620 square feet. It's really big, especially since we don't think we'll have kids.
With the inlaw backing out, we're really worried.
I've been trying to find info on the paperwork we signed that will tell us what penalty we'd suffer so close to the sale (with the appraisal, it turns out that it's $1500 under what we were going to pay for it. The seller may or may not be willing to just blow that money off).
Our agent is telling us that we may get sued. Not sure what to do here. Where do I find info on the penalty on the paperwork? What form?
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