RE: Request for Recession
Property Address: 11664 N. 93rd Place
Scottsdale, Az 85260
Buyer: Washburn, Danielle
Seller: Hallmark, Julie
Escrow No.: 503625
Dear Ms. Washburn:
I am the seller for the property of 11664 N. 93rd Place, Scottsdale, AZ 85260. I am writing to kindly request that we cancel the sale of my home. After countless hours of desperately and thoroughly probing each and every avenue that I could to qualify for the purchase of my new home located at 7011 East Friess Drive, Scottsdale, Arizona 85254, I am utterly devastated by the fact that I am unable to qualify for the necessary funding that would allow me to proceed with the purchase.
Due to circumstances beyond my control, I was utterly floored when advised by my lender that I did not qualify for the requisite loan. In a last ditch effort to obtain the funds, I contacted my parents who graciously agreed to serve as co-signers on the loan however, this too proved fruitless as they likewise failed to meet the necessary qualification requirements. In fact, prior to my signing the purchase contract for 93rd Place, I was informed by my lender that I could qualify with the help of my parents co-signing and as a result of my impression, I executed the purchase contract 93rd Place. Unfortunately, the following morning my lender called and said my parent’s tax returns showed unexpected business losses so the numbers precluded the funding from moving forward.
Please understand that I am a single mother with no family in Arizona and if the sale of our home goes through, my son and I would suffer grave hardship as we literally would have no place to reside due to these unforeseen circumstances and my son's father and his school district are close in vicinity to our home which compounds an already untenable situation as we need to stay in this area as a result. Also note that I asked my realtor to insert a clause into our contract that conditioned the sale of same based upon my attainment of requisite financing as I did not have firm confirmation surrounding this issue.
It must be stated that I also tried everything I could to notify all party's of a problem within 24 hours of signing the contract concerning the sale of my home because I didn't want any further hardship for anyone involved. At that time my real estate
agent notified your agent of the situation and where escrow had yet to be opened. Despite this notification, escrow opened later that afternoon. I would hate for this go further than it needs to go and I sincerely XXXXX XXXXX any inconveniences caused and kindly request that the above referenced purchase contact be canceled immediately. I await your reply.
Thank you for your time and consideration.
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