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?
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.
