My wife and I separated and decided at the time to sell our home, we have got back together and now want to keep our home, we have signed a p and s but the bank has not approved it can we back out of the sale, there has been nothing other than the offer, no money out of buyers pocket, thanks for any info

Quote:

---

Originally Posted by RJS2880

we have signed a p and s

---

Hello R:

Whatever remedies you have SHOULD be contained in the purchase and sales AGREEMENT you signed. You should also find out what the buyers remedies are if you default.

If there's NOTHING in there, get back to us.

excon

Yes the short sale is actually between the bank and the buyer at this point since you approved the sale, If you call the bank and tell them you want to try to work out keeping the house, most likely they will refuse the offer.

Also the offer may allow you rights to cancell it prior to it being approved, read it carefully.