Hi all,
I had a purchaser pull out of a contract today. He provided a letter from their broker stating that finance could not be obtained. The funny thing is the purchaser sent me his pre-approval from the financier (Collins Securities) 2 weeks ago.
Can the purchaser back out in this instance? Surely a letter form your broker can't be enough to back out of a sales contract??
I had a purchaser pull out of a contract today. He provided a letter from their broker stating that finance could not be obtained. The funny thing is the purchaser sent me his pre-approval from the financier (Collins Securities) 2 weeks ago.
Can the purchaser back out in this instance? Surely a letter form your broker can't be enough to back out of a sales contract??