I found the perfect house, made an offer and it was accepted. We have a valid purchase agreement contract signed by both of us which states the house becomes mine when escrow closes on November 5. We opened escrow, and had finished all of our inspections. We were seven days into a 30 day escrow period when the seller's agent calls my agent and asks that we walk away from the deal because the seller's wife has just been diagnosed with cancer.
Can anyone tell me what my rights are in this situation? Are they able to walk away like this? Is it rude of me to ask them to prove it so that I am comfortable that they're not just trying to get out of the deal. What makes this more interesting is that a home just like this one came on the market one day before they called me for $25,000 above our purchase price.
Can anyone tell me what my rights are in this situation? Are they able to walk away like this? Is it rude of me to ask them to prove it so that I am comfortable that they're not just trying to get out of the deal. What makes this more interesting is that a home just like this one came on the market one day before they called me for $25,000 above our purchase price.