Misled by seller

[csabroso]

What is the name of your state? VIRGINIA

Seller offered a plan that was offered through their affiliated mortgage company. The plan would make the purchase of the home feasible. We signed a contract and a week later their affiliated mortgage company informed us that the plan that was offered by the real estate representative was no longer available. I explained that we could not proceed unless we had that plan. The turned us to another mortgage company that supposedly had the plan originally offered. I received the faith estimate and immediately noticed that this loan was not the one originally offered. This plan would involve negative amortization, which I want to stay away from.
The way I see it, they now have to strikes against them, and at this point I get the sense I should just
request to cancel my contract based on their misleading offer. I would like to know if I will be able to pull out of this contract or will I have a hard time doing so. Thanks.
undefined

[HomeGuru]

Originally Posted by csabroso

What is the name of your state? VIRGINIA

Seller offered a plan that was offered through their affiliated mortgage company. The plan would make the purchase of the home feasible. We signed a contract and a week later their affiliated mortgage company informed us that the plan that was offered by the real estate representative was no longer available. I explained that we could not proceed unless we had that plan. The turned us to another mortgage company that supposedly had the plan originally offered. I received the faith estimate and immediately noticed that this loan was not the one originally offered. This plan would involve negative amortization, which I want to stay away from.
The way I see it, they now have to strikes against them, and at this point I get the sense I should just
request to cancel my contract based on their misleading offer. I would like to know if I will be able to pull out of this contract or will I have a hard time doing so. Thanks.
undefined

**A: it depends uponwhat your financing contingecy states.