Asked by Tanisha W, Long Beach, CA • Mon Aug 16, 2010
My seller is trying to back out of our deal they accepted the offer at 300k and signed a contract prior to appraisal but appraisal came back at 270k,,, I signed the addendum then my agent and banking institute both got a verbal from the sellers agent/brker that they agreed to the amended pricing so we proceed and turned in the loan package to get a call 2 weeks later from agent/brker that they have a 2nd buyer willing to over pay for the property so now they want to cancel our deal. I feel dubbed, they relisted property on MLS and had a open house while we were in escrow and now refuse to even refund my out of pocket expenses IE: appraisal inspection, movers, advertising additional rent costs etc... What can i do? Do i have any recourse here?
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