Legal Question in Real Estate Law in Illinois

Your purchase agreement should have language concerning defaults by the buyer. You may have some recourse depending on the wording. Sometimes lender approval does not take place until the very last minute. Sometimes closings fall through at the closing table even if funds were approved. Although the realtor probably could have done a better job of explaining things to you, I doubt that there is recourse. Most people do not move until closng is completed unless they do not need the funds for the purchase of their next home. In fact, in my 30 years of handling real estate matters, I can only think of one time when the seller moved out before closing absent a job transfer. You certainly can discuss the situation with the realtor and perhaps an accomodation can be made. Did you discuss this with the lawyer handling the closing?