Posted by John Merchant on July 17, 2010 at 20:18:24:
If you’re the B, since B is rarely sued on a breached contract I’d say notify S of your walking and then go.
Attys fees are way too high for a jilted S to even think of chasing a run-away B unless that B has put up a huge earnest money deposit that S hopes to glom onto.
Appraisal delayed-can buyer cancel - Posted by Rina
Posted by Rina on July 17, 2010 at 11:35:01:
In California - we got an extension on our appraisal contingency for one week. One week has past and our new contingency date is upon us but appraisal is still in review due to a deed restriction on the community.
What are our options- can we either 1.) request another extension or can we 2.) just cancel the transaction at this point… As long as we do it by this date?