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The Watercooler
Frustrated, very frustrated
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<blockquote data-quote="witzend" data-source="post: 565390" data-attributes="member: 99"><p>Janet, they're locked into a rate with the bank to a certain date after which it can be renegotiated. They have a contract to buy with the sellers. If the sellers back out, they have to return earnest money, and probably would have to reimburse any expenses like home inspections and so forth, but that's about it. </p><p></p><p>Here's to hoping that when he figures out that he has to pay them money rather than get the proceeds from the sale he'll change his mind.</p></blockquote><p></p>
[QUOTE="witzend, post: 565390, member: 99"] Janet, they're locked into a rate with the bank to a certain date after which it can be renegotiated. They have a contract to buy with the sellers. If the sellers back out, they have to return earnest money, and probably would have to reimburse any expenses like home inspections and so forth, but that's about it. Here's to hoping that when he figures out that he has to pay them money rather than get the proceeds from the sale he'll change his mind. [/QUOTE]
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Frustrated, very frustrated
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