As in the deal is signed, sealed and delivered and you've been cut out?

It's a very cut and dry system.

I'm hoping it will cut down on housing cost too. 

I think he just cut corners, didn't install  proper weed barrier do didn't make it 3" compacted so stated in error contract.I didn't ask for references (my mistake) and I believe the license number was on the contract, I will check tonight.  

Try to resist the short cuts some real estate "gurus" try to peddle.

Can't the 1st mortgage holder foreclose on the property, take ownership…and cut me out completely?

Puts the banker on edge.

We have cut our expenditures a lot, and if I try to do any more, my wife may just kill me.  

This is a little more complicated to explain and off the subject a bit so I will just say that with the fear of rising interest rates over the next few years, I was looking for a replacement for my bond portfolio, which I have been cutting back slowly over the last couple of years.

A huge portion of buyers (possibly all of the ones that could be interested in that property) simply wont live on a busy street, it is a deal breaker for them so you could cut the price by 10% or 50% and they still wont do it.