Legal Question in Real Estate Law in Maryland

If you have a contract on a house & loan falls-thru. I sign legal paper to terminate contract & seller has not signed. Told I am unable to even look at another house. True?


Asked on 7/11/14, 12:48 pm

1 Answer from Attorneys
Cedulie Laumann Arden Law Firm, LLC

All depends on whether or not a contract had a financing contingency.

With a proper financing contingency, the buyer would be able to walk away should financing fall through.

Without any financing contingency the buyer would be legally obliged to stick with the deal.

Naturally this general legal information does not substitute for personalized legal advice nor is it a promise to represent.

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Answered on 7/11/14, 5:08 pm


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