Legal Question in Real Estate Law in Texas

new home closing

approved loan for 181,000. paid 30,000.down house appraises for 234000. interim matures 5-19-09 already signed contract for 30 years at 4.85% house has been completed for 7 weeks..now bank cant close because they cant get comps and want to renew the interim note for 6 more months..do i have any way to move this along and make them hold up to the contract


Asked on 5/15/09, 2:49 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: new home closing

Maybe. Take all of your papers to an attorney to see if your loan agreement, etc. creates a binding contract.

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Answered on 5/15/09, 4:02 pm


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