Asked by Daniel Keith, Albany, NY • Fri Mar 22, 2013
We had mortgage commitment with a contingency that the neighbor sign a driveway easement letter (stating that he was responsible for his property and we were responsible for ours). Long story short, the neighbor was an older gentleman stuck in his ways and he refused to sign this letter for our bank (even after the sellers offered to pay for his attorney). We were denied a mortgage because we could not get this letter signed. My question is, how long does it take to officially get out of contract after my bank sent the denial letter. My husband and I are in a hurry to move to a specific city for his job. We are aggravated that we need to start all over with another house but there are no other options but to buy a different home without a driveway easement. We are going out today to look at a few houses, can we put an offer in on another house even though we are technically still under contract with a house we no chance of owning? I can not express enough that we are in a hurry.
Real Estate in Raynham
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