Quote:
Originally Posted by BobsBurgers
Is it legal for the villages to refuse finalizing the closing of a new home based on an FHA mortgage? Especially when this this was never disclosed prior and we are 2 weeks from the date with everything packed and ready to go!
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If, I may suggest, I would ask your bank. I would assume the issue is the closing costs..
Perhaps, you can offer to pay them or split them with the seller.
"Two weeks from the date with everything packed." That seems to be the new trend. You get to the closing and people knowing they have you under pressure squeeze you.
We had a similar thing pulled. I don't know you. For us our atty a nice person a poor representative of my interests. The seller's atty was allowed by her to control the situation. There we sat with the title company, the bank rep the sellers an my wife and I.
They tried to hit us for $1500. My wife in tears said aloud just give it to them making it tough for me to refuse. I'm not certain but i expect all knew that our property was loaded on the moving van. They were all shocked including my atty, when I told them,
IT IS NOT GOING TO HAPPEN and I closed my paperwork.
Anything can be negotiated. The question is do you have the nerve AND MORE IMPORTANT is it worth the risk and the potential cost. You may want to call your mover.
If, it is a long distance move, shockingly your contract likely says delivery on or about.
You may want to check what they will charge you to store your property.
Legal advice. If, you do not have an atty, you may want to call a real estate atty and ask your question. You may be able to get your question answered for free. Having an atty represent you for a closing runs about $4-600.