If you have an executed contract and have practiced due diligence to secure a mortgage the seller cannot back out the contract at will. If the seller refuses to move forward your attorney will be able to record the sales contract, as well as place a lien on the property. If they attempt to sell the property in the future the lien will show up on title.
You should discuss this process with your attorney. If you need additional assistance please contact me directly at 914299-0420.... more