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Updated over 3 years ago,
Possible Legal ramifications for having to back out of contract
I've just started looking for a first time home, and found a nice place, that was a bit isolated. Initially I was coming in under a close though as a single family home, but they had to change that because it was a manufactured home, which increased the closing costs, beyond my ability to pay them for the loan. Especially as new issues have cropped up
Now the real estate agent I'm working with is trying their best to push the costs on their end down to try and put it back under the amount I have the ability to pay. There is a loan contingency in the contract if the loan does not go through, though its currently conditionally approved.