after closing

I can't conceive of a way in which that could happen. After all, AT closing, the ownership of the property has been transferred. In other words, it's too late as soon as the documents are signed and money has changed hands. Tomorrow's too late; yesterday is gone.

Hi Katiedyd!

Welcome to forums!

A seller cannot back out of the deal after the closing. Even if the seller wants to back out, it will depend upon the buyer whether or not he/she is ready to give back the property to the seller.

Feel free to ask if you've further queries.

Sussane

Any buyer who would hand back the keys to a seller after going through all kinds of gyrations to obtain a mortgage, deal with the outflow of substantial funds, etc. would have to be slightly daft, to say the least.

Can we truly imagine a case in which the new homeowner went out and purchased furniture, appliances, window dressings, lawn and garden tools, snow removal items and who knows what else; only to say "oh sure" when the seller says, "oh by the way, I changed my mind and I want my old house back now."????

Somehow that kind of scenario just strikes me as so blatantly ridiculous that I'm surprised I was even able to type it!