Broker, REALTOR (12 years experience)

Buyer's Agent,
Listing Agent,


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Seller accepted offer for less then owed?


Hi Zack,I'm so sorry you in this predicament. If the seller cannot produce the remaining funds need to satisfy the mortgage by the deadline you have  few options: 1.) Seller can contact lender for loan modification or short sale if they are in financial hardship (not a quick decision) or 2.) You can increase your sale price- not your first choice I'm sure You will get your earnest money deposit back and the inspection, appraisal and rate lock fees would need to go through small claims court I believe. However, if they have no money that might be difficult to get compensated in a timely fashion. Hopefully you or the seller has an experienced agent that can assist with keeping this together. Do call if I can assist further. 207-831-9157