We've been working on buying a house. One of our inlaws wanted to live with us and has now decided she wants her own apartment instead. We would have been fine with her living with us as she's contribute but we can barely afford it without her living with us.
I understand that we will lose the earnest money and that's fine but my agent says the seller could sue us if we back out so close to closing. We're trying to find in our paperwork where it talks about a penalty but can't find it anywhere. The only thing even remotely resembling a penalty is when it states that we must pay the monthly mortgage or risk foreclosure.
Please help! What is the name of the document its attached to? Everyone keeps saying "Purchase Contract" but there's nothing here that even remotely resembles those words and nothing on any of the pages on any of the documents that explains.
Frustrated.
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