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yes the binding contract expired on friday when we went on the closing on monday to the lawyers office . we were told one paper would be sent back to the bank and corrected. I found out it was the purchasing contract that had expired . Now the bank saying unless we add $5000.00 they are not going to sell the house.
Because the closing contract expired before the closing day but still they let us sign all other paper works and gave us the key . When I called the lawyer office last week about the situation they told me I don't own the house. when I asked them why did let us sign all the documets their answer was they were told by the agents it would be corrected by the bank and would be returned within an hours but it didn't.
thank you, XXXXX XXXXX as you signed the documents in good faith, without knowledge of the their expiration, the sale is binding on the bank. You probably however should consider retaining counsel to draft a letter to the bank to enforce the contract before this matter gets out of hand. If the bank's counsel is contending there is no contract, your counsel would need to argue otherwise so that the bank does not try to continue to push on this issue.
Hello, I am saying that you can sue the bank to enforce the terms of the original agreement. Your choices are to either accept the $5000 increase, or file suit to enforce the terms of the original purchase.
It would likely cost at least $2000, and yes, consider the firm of Towsend, Lockett, & Milfort: http://www.townsendlockett.com/Civil-Litigation.html
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