HELP! Buyers want to close all cash bc lender can’t perform
Hello... please help. Closing is next week and buyers have requested an extension. Sellers refused to extend for a number of reasons. Buyers are now stating they will pay all cash at closing since their lender can’t perform. Appraisal results still are not back and there’s no way they will get the loan in time for closing. Sellers agent asked buyers agent to send an amended contract removing finance contingency and stating buyers will pay all cash. Buyers/buyers agent refuse to do so. Claim they will still close next week all cash, using current contract. Do sellers have to close and sign if buyers show up on closing day with all cash? Title has heard NOTHING from buyers bank/lender and closing is in 5 business days. Loan termination deadline is tomorrow. These sellers do not want to close with these buyers as they have been so difficult and are not cooperating. Sellers want legal docs stating cash if that’s how buyers will pay. Can sellers refuse to close if buyers bring all cash... since there’s no amended contract stating this all cash purchase? Or can sellers terminate? The sellers just want out of this deal at this point as the buyers and buyers agent have been rude and non compliant with financing. Sellers and title have no idea what’s going on! No cash proof of funds have been shared either.... ???