Longsally1112
Member
In South Carolina. We found a home and put in an offer along with Ernest money check, pre approval letter etc......We are all set to go..and then we were told that closing might take longer that usual because there was a previous contract on the house that expired last Friday. That confused me and when I asked, I was told that it was an attorney who wanted the home, that there was a contingency contract (contingent on inspection), that they never closed on the home, that they contacted him last week by e-mail and told him that if he didn't close by 5 pm Friday that his contract would expire (as it had been 6 months) and he did not sign a "release". I don't know why he would have to sign one if the contract expired. If they take our offer, doesn't that mean that the previous buyer is out of it since his contract expired? Why does that affect us?