Asked by paul, Brooklyn, NY • Wed Feb 6, 2013
i was just notified yesterday that the bank who owns a distressed home i have been trying to purchase over the last 3 months has reneged on the last offer we had made, an offer the bank's RE agent verbally told us had been accepted all the way back in November of last year. the agent claims he was trying to get the 'written' acceptance from the bank when they apparently informed him they were no longer accepting the offer and then set a new asking price $14,000 higher.
my question is, without that written authorization of acceptance of what we were told was an acceptable purchase price, is there any recourse with the bank?
they've jerked us around (my opinion) on a couple previous occasions during negotiations already so i am in no mood to give them one dime more for this absolute 'fixer-upper' i was hoping to flip.
any advice greatly appreciated!
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