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Forum
-> Inquiries & Offers
amother
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 Tue, Aug 14 2007, 10:07 pm
hey we are under contract for a house (we live out of the tri-state area) and my husband just got offered a job for 15 thousand more in a different state (also out of the tri-state area). we want to move the other city has more things for us as a family but we are supposed to be closing on the house here in September anyone know anything about real estate
anonymously b/c didn't tell parents or anyone that we may be moving lol
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red sea
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Tue, Aug 14 2007, 10:20 pm
Well maybe the bank will turn down your loan application & solve it? Or someone else can offer them more $ ? Good Luck.
Last edited by red sea on Tue, Aug 14 2007, 10:24 pm; edited 1 time in total
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Alef Bais
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Tue, Aug 14 2007, 10:21 pm
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I'd think if you're already under contract, that means you should have a lawyer working for you. Can't you ask your lawyer about breaking it?
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shoy18
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Tue, Aug 14 2007, 10:32 pm
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get denied by a mortgage broker. Most contracts have a clause stating you will go through with the deal if you can receive a mortgage in X amount of days.
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chocolate moose
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Wed, Aug 15 2007, 10:16 am
| shoy18 wrote: | | get denied by a mortgage broker. Most contracts have a clause stating you will go through with the deal if you can receive a mortgage in X amount of days. |
but you might not get back your deposit. OP, do you hve a fully executed contract?
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mummiedearest
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Wed, Aug 15 2007, 11:52 am
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even if you have to close, you may find someone to take the house and your mortgage. maybe you can rent it to someone?
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greenfire
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Wed, Aug 15 2007, 12:00 pm
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find out if there are any violations ... it would be a legal reason to break contract ...
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chocolate moose
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Wed, Aug 15 2007, 12:40 pm
| mummiedearest wrote: | | even if you have to close, you may find someone to take the house and your mortgage. maybe you can rent it to someone? |
That’s not done in this day and age. Not anymore.
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happyone
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Wed, Aug 15 2007, 12:49 pm
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You may be able to flip the house and actually earn some money on the deal. See if that's an option.
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