Legal Question in Real Estate Law in Virginia

Better see a local attorney who can appropriately advise you on the matter.

If BOTH you and the bank signed the contract, then it is a binding contract.

If they wanted to enforce the contract, they would treat the contract as a binding contract as "the law."

Most big businesses act like contracts are a one-way street. YOU must obey the contract, but they can ignore the contract.

That is wrong. The contract is binding on BOTH.,

Now, you can both agree to a new contract.

But they must get you to agree. They must give you something MORE than you already have.

By the way, you CANNOT agree to change the contract unless they give you something new and something more.

A new contract will have no power if the new contract gives you only what you already have.

But they need to convince you WHY it is better for you to sign a new contract than to stay with the old one.