Real Estate Law
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Does your purchase contract have an inspection contingency as well as an appraisal and financing contingency?
Or was this a cash offer?
I would opine that based on the results of the inspection, and the fact that your employment has been terminated, the bank is going to deny the loan. This will give you the legal right to terminate the purchase contract and receive all your money back.
So I would notify the bank about your change in employment and the condition of the house with asbestos and the other issues and they should then go ahead and issue a denial letter you can present to the seller to get out of the contract and get your deposit money back..