My question involves real estate located in the State of: Florida
Hi - So I'm hoping to get some more insight. I'm the buyer and currently in contract with agreed upon terms. We are financing through FHA. We have already gone through inspections and appraisal. Home came back appraised at 10,000+ over the agreed selling price. We are set to close in two weeks and the lender is asking for the seller to sign the FHA Amendatory Clause and also an amendment to the contract to remove a "4500.00" roofing credit. The home needs a new roof and cannot be insured without a new roof. The seller agreed to pay 4500.00 toward the roof and that was written into the contract. FHA requirements need us to eliminate that from the contract. We emailed the FHA amendatory clause and and the contract amendment to seller and now they are refusing to sign both documents without explanation, cannot be reached, and we see they have re-listed the home. Are they able to do this? We have received no documentation from them asking to be released from contract, no reason, etc? Any help would be appreciated.