seller backed out in california

What is the name of your state? california.

i signed a contract to sell my house with the contingency that i would obtain funding. 2 hours after i signed the contract i changed my mind. i still have not gotten funding. the buyer has been notified, and she is insisting i sell. i'm hoping the financing doesn't come through, but if it does can i get out of the contract?

[HomeGuru]

[quote]Originally posted by PeachnMe2
[b]What is the name of your state? california.

i signed a contract to sell my house with the contingency that i would obtain funding.

**A: what do you mean you would obtain funding? Are you a bank or private mortgage loan company in the business of making mortgage loans?
Sellers rarely obtain financing for Buyer's.
***********


2 hours after i signed the contract i changed my mind. i still have not gotten funding. the buyer has been notified, and she is insisting i sell. i'm hoping the financing doesn't come through, but if it does can i get out of the contract?

**A: it all depends on the exact terms and conditions in your contract.

i'm not trying to get funding for the buyer, i'm talking about myself. i am a private citizen selling my house. the sell was contigent if i received funding to purchase a different house to live in.

[HomeGuru]

[quote]Originally posted by PeachnMe2
[b]i'm not trying to get funding for the buyer, i'm talking about myself. i am a private citizen selling my house. the sell was contigent if i received funding to purchase a different house to live in.

**A: Ok, then next time make it clearer so we do not have to guess.
The answer is yes, if you obtain funding, you must still sell.