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Updated almost 7 years ago,

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3
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0
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Brian W.
  • Yonkers, NY
0
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3
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My Attorney willing to walk away from my deal

Brian W.
  • Yonkers, NY
Posted
I’ve already found a ton of useful information here on BP. I’m interested to know what the community thinks about my current contractual setback. My Attorney is willing to walk away from my deal, and have me possibly find another attorney. Problem is the sellers attorney does not want to remove the notification time. For a mortgage commitment letter in the contract. They have extended the time for notification from 5 days to 10 days. He’s explained that this opens the firm to malpractice suit from me the “buyer” if I can’t get a mortgage. The deal is purchase price $415K 25% cash down 75% LTV. I did a full income & asset verification with my lender for my pre-approval. Should this be a deal killer for me as well or find an Attorney willing to proceed. This is in NY btw, thanks in advance.

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