Can we terminate under our mortgage contingency?Let me start by saying we have a buyers agent representing us and we did ask him this but he told us he didnt know.We are under contract on a house and the appraisal came in lower than the originally agreed upon sales price. We made one counter offer and seller came back with an offer which was the exact appraisal price. We have not accepted the offer or signed any addendums and want to know if we still have the right to terminate under the mortgage contingency and get our earnest money back. The mortgage contingency in the original agreement stated that we be able to obtain financing based on the originally agreed upon price and after the appraisal we can not fund the purchase at the originally agreed upon price.And yes if we terminate this agreement we will be looking for a more knowledgable agent that can better represent and advise us.August 29 2012 - Pittsburgh00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.