Seller pulled out day of closing

[Molly Neubert]

Seller accepted our full price offer for single family residence, we went back and fourth with fixes, paid for an appraisal, paid for an inspection, sent our cashiers check for the down payment, signed closing docs with a mobile notary (we live out of state) and then the day of closing the seller said they didn’t have the funds to close. They owe 20k more on the house than the price we paid (completely baffled we would get this far before this coming up).

Any suggestions? We’ve already invested over a month of time/money plus would rather not lose the house as we feel it’s a good investment. Thanks!