All Forum Posts by: Catherine R.

It sucks but like others have mentioned, the property didn't close because of you. You couldn't get your lender to come to the table and close on time as per the contract. I would have done the same thing as the seller and wanted you to use a legit lender the 2nd time around. They didn't have to give you another chance

He is correct. You should be grateful. You screwed the sale up, not the seller. The market is hot and you were given an olive branch by the seller and their agent. I presume the reason for this, was they knew that lender would shoot them straight on you. Seller was being prudent wanting a shaky buyer to work with a lender they were familiar with. 

At the end of the day, even with that lender they wanted to use, you still lost the house so it's fairly clear here that the issue is what both lenders discovered during underwriting you, your credit, income etc. So in reality, if said seller came on here and was all upset about a buyer who dragged them along for several months without ever closing on the house, most people would understand why they have a bone to pick with you, not the other way around.

I think the gentleman that told you to give bad reviews did so in terrible bad taste. Look those bad reviews you give can bite you too.  The sellers can answer it and make you look foolish as well. Not only that it’s stooping pretty low.. 

Sorry to hear this happened.   The industry is going to consolidate soon and these bad actors will be flushed out.  Help your fellow buyers and file complaints against the realtors and leave some bad reviews.

This new information is a totally different issue. 

You should seek legal help for this. If I were you, I also wouldn't move out. If they gave you the keys, you have possession as a renter.  If they gave you keys, go in and change the locks, and live there. Make them jump through the hoops to get you out.

It was foolish of you to do repairs on a property you didn't own, but this is the first thing you have said that appears unethical on the sellers part.  If the house now has higher value due to the repairs you made, I can see why an unethical seller would pull it away from you.

Tell them you are not moving out and talk to a lawyer.  Now that you have a bargaining chip, if you play your cards right and don't make them hate you, you might actually get them to come back to the table so you can purchase the property.

 No it's not. You are free to walk away and should be greatful they are giving you a second opportunity. You are completely ignoring the fact that you defaulted on the contract.

You are in default of the contract. No one is forcing you to use their lender. They are giving you a second chance after you defaulted to save the deal. They could simply say no extension and move on to the next buyer, which is what I would have done.

How should have it been done, well, if you contracted to perform, and repeatedly failed that performance, you compromise your position, if not surrender it all together. This might be a lesson, or not. Without permissions, you do not have access to the property to enjoy any of the improvements you've made. Another lesson waiting to be realized. 

To be honest, if I've read correctly, a question of ethics should be directed your way. You are entering into an agreement to purchase, without qualifying. How ethical is that?