Asked by Frustrated Seller, Shingle Springs, CA • Sun Apr 10, 2011
home? We are selling our home with the contingency that we are able to purchase a specific replacement home. We are having trouble with our lender requesting additional documents at the 11th hour, the appraisal not coming in high, second appraisal coming in $60,000 higher than the first, lots of concerns with the purchase. The buyers on our home are wanting to expedite. The original close date is 4/12, my lender is now saying they may be able to close on 4/14 if additional information is provided. They already told us we were approved and all that was needed was the proof of settlement on the sale of our home. Due to frustrations, we are thinking of backing out of both the sale of our home and purchase of the new one. We know we may lose the deposit on the home we are purchasing, what is the liability with cancelling the sale of our home - it is in escrow, but has not been recorded. Thank you!.
Real Estate in Shingle Springs
Popular Categories in Shingle Springs
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!