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Updated about 7 years ago,
Seller mistake lead to cancelling the contract
Hello all,
I am buyer from California and under a contract to buy a house in Texas. It was supposed to close in next 48 hours. My agent just noticed me that the deal will be cancelled because the title company has found out that the seller has a big lean which is more than the money he would receive if this deal closed; therefore, I won't let this deal continue. The seller agent did not know about that or did not mention in the beginning. We don't know. My agent told me to send him all the receipts of the all expenses including deposit, appraisal and inspection fee, plane tickets, the salary which I would make on the day I was off to look for this house. I am going to send him all the receipts. What else do I need to do? This problem wasted my time.
Thank you all.