We entered into a contract to purchase a home with all terms agreed upon with the sellers and the only contingency in the contract is our mortgage approval. We have been approved with 20% down. Now the seller's lender (it is a short sale) is saying the purchase price is too low. There is not a contingency in the contract that says the lender must approve the terms. We are set to close next week. Do I have any recourse to go ahead and close the sale as specified in the contract?
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No Lender's Approval Contingency
- Thread Starter Lsaluto
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