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Old 06-21-2006, 11:21 PM
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Join Date: Feb 2003
Location: Suwanee, GA
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Buyer backing out

What is the name of your state? GA
Using a realtor, I have signed a contract to purchase a home and put down some earnest money. Due to a sudden health issue, I may have to back out. Aside from forfeiture of earnest money, loan and application fee, could I be held liable in any other way
  #2  
Old 06-22-2006, 07:51 AM
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Join Date: Aug 2005
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could I be held liable in any other way

Yes you can.
  #3  
Old 06-22-2006, 08:06 AM
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Join Date: Sep 2004
Location: Pittsburgh (North Hills)
Posts: 1,572
Quote:
Originally Posted by pojo2
could I be held liable in any other way

Yes you can.
But, it's not set in stone. It is all up to the seller and what he wants to do. It is possible that the seller will just accept the hand/earnest money and move on with his life.
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