Posted on: 23rd Apr, 2010 06:03 am
the people waanting to buy my house have been through 3 lenders but have yet to get a loan we are in ohio and want to put the house back on the market so what options do we have ? can we break the contract?
Doesn't your contract have a specified date by which your buyers must notify you that they've been successful in obtaining a mortgage? If not, you're at their mercy, and that's not going to do you a bit of good.
I'd be careful about breaking the contract unless you have the proper clauses in the contract allowing you to do so for non-performance on the part of the buyer.
If you have an attorney you're working with, that's an excellent question to ask of him.
I'd be careful about breaking the contract unless you have the proper clauses in the contract allowing you to do so for non-performance on the part of the buyer.
If you have an attorney you're working with, that's an excellent question to ask of him.