Asked by Joyce B, Dixon, IL • Mon Apr 27, 2009
everything else needed to purchase is already in place. Contract has a 40 day closing date when contract was signed. Lender holds it for 3 weeks then approves it. Lender then wants to still close on original date which is just 2 weeks away and instead of granting an extension they accept another contract for cash and close even before the closing date on our contract. Is this legal as our contract was approved by them first and had not even gone past original closing date. Do we have any recourse??? I need to mention this was a short sale.
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