Asked by LoanToLong, East Palo Alto, CA • Fri Feb 24, 2012
Duel rep agent favoring seller due to ongoing relationship. Escrow was to close in Jan. Extended to Feb. Seller only agreed if buyer would sign off on loan contingency - so 3% now lost. Loan company kept promising production of docs but nothing. Can seller walk away without lender decision? I know out of contract but agent should have known funding would take 45 days or more and did not account or advise about this. Does it make difference if buyer is in his 80s?
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