Profile picture for wcrumley922

Do you have a grace period in Delaware to back out out of a new home mortgage

  • June 19 2013 - Wilmington
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (5)

I would contact your Realtor or better yet your closing attorney since attorneys are required for all delaware real estate closings including mortgage refinancings. 
  • June 30
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Rather than take the advice of the seller's agent, contact a real estate agent to represent you and your interests. It will not cost you anything.
  • February 21
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Profile picture for wcrumley922
i am just starting process they want me to fill out all papers to buy the house and put down payment down. I have an addendum to the contract for a lesser amount then they want. The seller agent says I need to fill out all papers to buy the house before seller will address the  addendum. If he does not agree to addendum am I still locked into the contract. 
  • June 19 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Profile picture for wetdawgs
What stage are you in the mortgage process?   Have you signed and money transferred between parties?  

Are you trying to back out of the mortgage or the purchase?

  • June 19 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

You can always back out of a mortgage.  Check the fine print on your documents.  You will lose the money for  the appraisal if it was done.  And any other items the bank has prepaid and work was done.  I say check fine print just in case you are with a company that has a fee that they charge you up front or have any wording saying that any funds are nonrefundable.

If you have not exchanged money and just began a loan you might still have time to change lenders.  Please discuss with your Realtor..
  • June 19 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.