I’ve recently put in an offer on a short sale with a seller, we both signed the purchase agreement, iv’e signed the counter offer and we had a fully open escrow with both banks approving her short sale, she backs out the first day of escrow being open…I want this property and have spent months battling this woman…can she legally do this??? I’ve taken money out of my retirement to help pay for the down payment and have therefore taken a penalty on it…what can I do…Advice would be greatly appreciated….

Homebuyers consider backing out of deals without tax credit
U.S. Senate has failed to approve extension of rebates Some frustrated homebuyers say they’ll look to walk away if they don’t complete the purchases by Wednesday, the deadline to qualify for federal tax credits.

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