Can a bank after accepting the terms of a short sale contract come back and say they do not want to pay the 3% closing cost as agreed?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Can a bank after accepting the terms of a short sale contract come back and say they do not want to pay the 3% closing cost as agreed?

Asked on July 24, 2012 under Real Estate Law, Florida

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Banks play games all the time in these matters and they know that they have you between a rock and a hard place.  Did they agree to the terms in writing?  Then generally they are bound by them. If they did not then they are still "negotiating" and I would hire ana ttorney asap.  Please make sure that they are waiving the deficiency - IN WRITING.  Good luck.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption