Updated over 7 years ago on . Most recent reply
Home Purchase Agreement Broken by Seller My Rights ?
We went into a purchase agreement. It states if our first loan was declined we would have 90 days to secure the money . The owner allowed my family to move in due to issues he had with past tenant . In March we sign a purchase agreement.The purchase price was only 20.000. The first bank we applied with and after tons of paper work the bank would not set a loan at that time .Letter was dated 5/28/18 from bank . In our contract it states if a lending issue occurs we have 90days to secure a nother loan . If my math is correct we had till Aug 26 and or Oct 1 (if we did not count weekends) The owner sold the home for Half of the price and the new Owner showed up today 7/17 telling me i had to move by THIS SUNDAY ...I have invested alot of heart and soul in cleansing the home inside and out and have made this our family home . Now i have to pack up and move in 5 days !!! Can they new and old owner do this to us ?? I am just sick with the issue ..any thoughts ?