Quote:
Originally Posted by ranchlandsselling
Surely you had a financing condition?
If so you should be able to walk as the financing condition would have been based on deposit and mortgage resulting in a specific LTV.
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Quote:
Originally Posted by troutman
Not in this market.
I've seen a few deals fall apart this summer, and the vendors always got a better price from the next buyer. And they kept the deposit from the first buyer.
Vendors got the power.
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Oh yes. There is a financing condition. The vendor did what I expected, refused to budge. It is probably the most logical thing for them to. With my ultra conservative approach to this property purchase i'm not liking how this is going, so i'm probably going to walk.