Im buying a house and i got approved for the loan and ready to close Monday morning but also I have to bring about $7,000 to closing but I went to a different lender and see if I can get a better deal because I don't want to bring $7,000 to closing when I can pay about 2600 with this new lender at closing and I don't want to put that much money down because I have to put work in the house and that's all my life savings. So the seller broker is trying to sue me because they said it's not their fault I don't have the funds and the loan has been approved for me to close Monday
You signed a contract, and are bound by the terms of the contract (whatever they may be - we don't have it to review). No one is "trying" to sue you - just letting you know it is a possibility if you breach your contract.
I would assume that you signed contract, and the contract contains terms stating that a defaulting party is liable for broker commissions. If you have been approved for a loan but do not want to close because you don't like the terms, then the broker may have a claim against you depending upon the terms of your purchase and sale contract
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