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Subramaniam Dharmarajan's Advice

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Subramaniam Dharmarajan wrote:

Can I cancel a Short Sale Contract, because I found a better home, which is on regular sale?

Answer
Thanks everyone for the replies. I definitely agree that its not fair to think about cancellation of the contract before Aug 1st. As advised by my attorney I shall wait till Aug 1st and then act accordingly.I should and shall act according to my attorney's words.
July 28 2012
(0)

Can I cancel a Short Sale Contract, because I found a better home, which is on regular sale?

Answer
I had to go with an attorney, since I felt it would be much easier to handle any situations with attorney's help.
July 25 2012
(0)
Can I cancel a Short Sale Contract, because I found a better home, which is on regular sale?
I signed a short sale contract with closing date as Aug 21st. My attorney sent an addendum that the contract will be cancelled if the Seller's lending bank do not respond / approve before Aug 1st 2012. Right now, I saw another property which is of interest to me and wanted to cancel the Short sale contract right away (July 26). Is there any provision to do that? If yes, please advise on what needs to be done. My attorney says that we cannot cancel until Aug 1st.
July 25 2012
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