Posted by Cheryl Lopez on July 09, 2004 at 24:15:44:
Sounds like the seller is mentioning 2 continguencies.
SELLER’S JOB TRANSFER TO PHOENIX. Was that written in the seller’s response to your offer?
VA FUNDING. VA does require a seller to pay your loan fees (points). Did you adjust your purchase price higher than the original asking price? Or did your offer get accepted lower than the listed price plus the seller having to pay VA funding costs?
Unless, these 2 seller’s continguencies were written as part of the purchase price … it may be too late for the seller to now mention them and want to back out 6 days before close.
You could press for vertification about the job in Phoenix story … if that is true. Was the seller exactually aware of the expense on the seller’s side of VA funding costs?
Tough call. Do you have an agent? If so have the agent to some checking, because no sell … no commission for your agent. If you try to force the seller to perform per the purchase contract will require an attorney.