I am going to kill someone! No wait, Maybe I am just going insane!!! The sellers of the house we are supposed to close on (May 22nd) have tried backing out of our contract again! This time they *just* found out that they owe $5,000 more than they thought on their loan so they have asked us to either let them out of the contract or pay them $5000 more than we agreed on. Mind you that they have already accepted our offer and papers are signed. Legally they cannot do this so, our fear is that they will do one of 2 things.
1.) Fail to get the gas lines and furnace inspected, therefore causing us to lose our FHA loan (Breach of Contract on their part)
2.) Fail to show up to closing. ( Breach of Contract)
Either way is breaching the contract so we can slap a lawsuit on them. Travis has already contacted a lawyer who advised us to continue on like normal and show up to closing where he will probably be there. If these assholes do either of the above then we will start the lawsuit proceedings that day. I am just worried about a lien being put on the house and we will still not be able to get it.
Now, some of you may be wondering why all the hassle for the house. For one thing, it is principle. Most people would find out what they owe on a house before accepting an offer. The major problem is that there are a grand total of 4 houses for sale in Orchard Farm school district (where we want to live) in our price range. The house we have a contract on, another that needs all new pipe work-appliances-walls-ect, another that termites have eaten completely through the foundation, and another that has had all of the copper ripped out. There are a couple of houses a little higher than what we want to spend right now but they are either not worth it or in Portage (which is not our favorite area of the school district)! So you see our dilemma!!!!
Wish us luck!
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