Real Estate Law
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Hi and welcome to JA. Ray here to help you today.
Can you give me more information, are you the seller here and is there a signed contract, some more information please, thanks.
In this case you need to resolve it with seller.The contract here sets out rights and liabilities.The seller here may agree to tear it up an seek another buyer.You will need the seller to agree to terminate here if you signed a contract and there was earnest money put down.There is no cooling off period here for a real estate sale.All you can do is try to resolve it with the seller.
LOAN CONTINGENCy REMOVAL:
After Acceptance, Buyer shall, as specified in paragraph 14, in writing
remove the loan contingency or
cancel this Agreement.
If there is an appraisal contingency, removal of the loan contingency shall not be deemed removal of the
NO LOAN CONTINGENCy: Obtaining any loan specified above is NOT a contingency of this Agreement. If Buyer does
not obtain the loan and as a result Buyer does not purchase the Property, Seller may be entitled to Buyer’s deposit or other legal
Seller here if there was no contingency can agree to keep the earnest money to terminate.
Item 3, 4 have the contingency, if it wasn't checked and initialed here you will need seller to agree to resolve this.Earnest money likely would go to seller here if they let you out.
I wish you the best here, see if seller will resolve it with you.