Under Contract with Ryan Homes want to purchase different home

[enizer]

In February my husband and I put in a bid on a short sale home. The offer was accepted by the seller, but the short sale was turned down by the bank. At the end of March we purchased a new home from Ryan Homes. Our house is expected to be built in September of this year. We just found out today, the short sale house was put back on the market and approved by the bank. We obviously still want that house, but we are under contract with Ryan and have a deposit down of 5k. Is there any way out of the contract? We are a contingent buyer if that helps. Also, when we went through the financing for the Ryan home, they said not to make any big purchases like by a mercedes so not to mess with our credit. Would this be completely wrong to purchase this house and then not be approved when it comes time for settlement?

 

[army judge]

If I were you, I'd keep the home you bought.

What if the short sale fell through, again?

Getting out of the current deal, you'll probably forfeit your five grand!!!!

Or, you'll be fighting over it for months!!!