Getting out of a Mortgage contract legally!
I have put Ernest money down and signed a contract to buy a house, since then (being Active duty they have changed my orders which will be 50 miles down the road and in a different school district for my daughter). Also, the builder has not kept up on the promise of being done by the end of June. Although it is not stated in my contract to have the house done no later than, we have a verbal agreement between the builder, realtor and myself that it will be done at that time. In the process I have been looking in the area that I will be transferred to. I don't want to breach the contract that would cause me to lose the Ernest money of $1000.00's. What are my legal rights? I need a house closer to my new duty station, but need to get out of original contract to pursue something closer. Can someone give me some advice on the legalities. Thank you.