Asked by Hellohouse, 20171 • Wed Oct 14, 2009
I have a ratified contract with the seller, waited for this house for almost 3 months. Two days ago the listing agent told us, the bank has approved this shortsale.The next day, seller agent unilaterally withdrew my ratified contract by giving an excuse "for not submitting documents ontime" (Same day we submitted the needed ducements the listing agent requested, the agent never gave us a clear deadline for submiting those documents).We really don't know what's going on, the seller agent has told us that bank is working on backup offer now. No time line was given to us in writing or verbally to submit the needed documents. Listing agent representing the seller has unilaterally withdrew this contract, I have never sent a withdrawl request.Questions:1.Does the bank has rights to cancel my contract by picking up another backup offer?Where as we have submitted all the documents needed.2.we have contract signed by buyer and seller, does this mean nothing? 3.shall I approach relief to State
Real Estate in Herndon
Popular Categories in 20171
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!