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We tried to buy a home and it did not appraise at the value the seller wanted. My agent ad
We tried to buy a home and it did not appraise at the value the seller wanted. My agent added an appraisal clause but now the seller real estate company is trying to keep our earnest money. We have 4 … read more
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Can a signed contract be cancelled by the buyer within a
Can a signed contract be cancelled by the buyer within a certain time frame in South Carolina?… read more
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I live in California. I am under contract to buy a house in
I live in California. I am under contract to buy a house in Oregon. The lender imposed an additional condition on me that I cannot meet in order to close the loan. I was asked to provide proof that I … read more
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My Dad is purchasing a house close to us in IL. A contract has been signed, earnest monie
My Dad is purchasing a house close to us in IL. A contract has been signed, earnest monies submitted, but buyers remorse has set in. Also the house is not a fit for them or close enough to family. Ter… read more
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I have a my house which was under contract since 4/28/15.
I have a my house which was under contract since 4/28/15. On Friday 5/23/15, I was notified by my real estate agent that the buyer was cancelling the contract due to a "life event", which would keep t… read more
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I entered into a purchase agreement for a 4-Plex in Oregon.
I entered into a purchase agreement for a 4-Plex in Oregon. During the inspection period my pre-approved financing was revoked by the lender stating that even though this was to be a portfolio loan an… read more
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I am the buyer and have a real estate contract for 431,000.
I am the buyer and have a real estate contract for 431,000. The appraisal came in at $410,000. today is the "removal of contingencies" date and I have an appraisal contingency (California standard for… read more
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My husband and I put an offer on a house. The appraisal came
My husband and I put an offer on a house. The appraisal came back $5000 under the price. We asked our realtor to renegotiate to the appraised price. Or closing date is less than a week away, we have y… read more
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What is my liability for not putting down a deposit? Just
What is my liability for not putting down a deposit? Just entered into a purchase agreement (tomorrow will be the third day) and have not yet put down my deposit. If I need to back out now, what is my… read more
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In April, I entered into a purchase agreement for a condo.
In April, I entered into a purchase agreement for a condo. In a side deal (not in the purchase contract), I agreed to buy a portion of the furniture from the sellers. I submitted earnest money and pay… read more
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I live in WA state and am under contact for a home. We have
I live in WA state and am under contact for a home. We have already had a VA appraisal for which there was work required that the seller completed. They agreed to complete all of the work that we requ… read more
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MY WIFE WENT TO A LOAN COMPANY AND GOT PRE APPROVED FOR A HOME.
MY WIFE WENT TO A LOAN COMPANY AND GOT PRE APPROVED FOR A HOME. WE SEARCHED FOR A HOME AND FOUND ONE. WE GAVE $2000 EARNEST MONEY DOWN PAID OUT OF POCKET FOR AN APRASIAL AND AN INSPECTION. WE WERE SUP… read more
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I am the buyer in an agreement to purchase a home in California.
I am the buyer in an agreement to purchase a home in California. The home is now in escrow. I am trying to determine if I can cancel this transaction without forfeiture of my earnest money deposit. I … read more
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if a buyer doesnt have a appraisal contigincy in the real
if a buyer doesn't have a appraisal contigincy in the real estate sales contract and the loan appraisal is below the agreed contract selling price, can the buyer walk away and just forfiet his earnest… read more
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I had a sales agreement to sell my home. A Title Company drew
I had a sales agreement to sell my home. A Title Company drew up a "Sale Escrow Instructions" and a small earnest amount was paid to me. There was no realtor involved. However, the bujyer defaulted on… read more
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I am near closing on a foreclosure property. During my due diligence the well was determined to contain bacteria. During this time the well was also reevaluated and determined to be too shallow to sup… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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