Archive for the ‘housing’ tag
Home In Sale
Home In Sale
Can someone sueing me for deficiency in a home sale be won?
My husband and I won a bid in 2007 for a home. We did not go through with the purchase due to 100% financing no longer being available in the middle of escrow. The estate later sold the home for $58,000 less than we offered now they are suing us for the deficiency. I know they can keep our 3% deposit but can they get $58,000.
Re-read the contract you signed to buy. It may have said "contract can only be cancelled for the following scenarios... blah blah blah."
If it did, you're probably going to have to pay that.
Watch the news, read the newspapers. Buying with no money down is a BAD IDEA.
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Avery Ranch Custom Luxury Golf Course Home For Sale - 9508 Palmbrook - Partners in Building
