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Ratings. Guidance. The Right Lawyer.
Sold home as normal sale, when payoff was ordered it changed to short sale is Purchase ageem valid?
Washington, MI
Viewed 28 times.
Posted 7 months ago in Real Estate
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when we called for payoff it was $14k less than final payout which changed sale to short sale requiring approval from mortgage company. Since we signed purchase agreement can we still back out as the seller?
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Answers (1)
Kenneth V. Zichi
This attorney is licensed in Michigan.
Posted 7 months ago.
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I'm confused -- you listed and sold your house without knowing how much the loan payoff was? $14k is a bid discrepancy. I could see a couple hundred for interest accumulated by not paid, but not 14 thousand.
You may not be able to complain about this, but you need to see a real estate attorney with all the paperwork and financial facts so he can review this to see exactly where you stand. Good luck. |
