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Real Estate
Reply to "3 days before closing and I want to back out..can I?"
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[quote=Anonymous]This happened twice to my parents (two different houses. The joke now is that they have to sell their house twice to be able to move). Once they kept the earnest money as the sellers had found a "better deal" and backed out less than a week before closing. The second time they returned the earnest money. This time the seller backed out two days before closing, he was a friend of a friend of a friend, so I was able to find my parents phone number and tell them his wife had had a nervous break down and was admitted to a psychiatric hospital and he just couldn't handle moving right then. It was a huge pain in the ass but they did the right thing and gave the earnest money back and ended up selling the house about two months later [/quote]
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