Need Help

[Meluko_magajathi]

How can we back-off from a home purchase when the contingency is only loan approval. I already paid 100k(10%) deposit as it is builder's requirement. Any inputs are appreciated.

[Allarinaresh10]

4 minutes ago, Meluko_magajathi said:

How can we back-off from a home purchase when the contingency is only loan approval. I already paid 100k(10%) deposit as it is builder's requirement. Any inputs are appreciated.

 Ltt

[csrcsr]

5 minutes ago, Meluko_magajathi said:

How can we back-off from a home purchase when the contingency is only loan approval. I already paid 100k(10%) deposit as it is builder's requirement. Any inputs are appreciated.

Ahhh tough emo konni work arounds naa burra ki tattindi 

Mee desi employer anuko oka months pay check takva run cheyamanu lekapthe lay offs letter ivamanu is it possibel?

[Thokkalee]

9 minutes ago, Meluko_magajathi said:

How can we back-off from a home purchase when the contingency is only loan approval. I already paid 100k(10%) deposit as it is builder's requirement. Any inputs are appreciated.

I don’t think you can back out of this… ayinaa 100K ela pay chesav house book cheydaniki?? 

[meri_zindagi]

Off the topic. what it means on Zillow, this home is contingent!

[Meluko_magajathi]

Just now, Thokkalee said:

I don’t think you can back out of this… ayinaa 100K ela pay chesav house book cheydaniki?? 

appudu peak lo ala kanicha, konna exactly month ki rates hike, market slowdown ayyindi. And 10% is builder's minimum deposit at that time

[texas]

12 minutes ago, Meluko_magajathi said:

How can we back-off from a home purchase when the contingency is only loan approval. I already paid 100k(10%) deposit as it is builder's requirement. Any inputs are appreciated.

Provide wrong SSN number while taking mortgage and provide mis leasing information action and your loan will not be approved 

[texas]

Just now, Meluko_magajathi said:

appudu peak lo ala kanicha, konna exactly month ki rates hike, market slowdown ayyindi. And 10% is builder's minimum deposit at that time

Location ? 

[Meluko_magajathi]

1 minute ago, texas said:

Provide wrong SSN number while taking mortgage and provide mis leasing information action and your loan will not be approved 

adi illegal ayyi, red flag padi future lo problem avtadi kada? Tampa location

[Thokkalee]

8 minutes ago, meri_zindagi said:

Off the topic. what it means on Zillow, this home is contingent!

Contingent ante seller offer accept chesadu, inspection gatra jarigaka buyer kuda agree aithe appudu pending lo ki veltundi 

[meri_zindagi]

2 minutes ago, Thokkalee said:

Contingent ante seller offer accept chesadu, inspection gatra jarigaka buyer kuda agree aithe appudu pending lo ki veltundi 

Can we back off at this stage without any loss ?

[Meluko_magajathi]

15 minutes ago, csrcsr said:

Ahhh tough emo konni work arounds naa burra ki tattindi 

Mee desi employer anuko oka months pay check takva run cheyamanu lekapthe lay offs letter ivamanu is it possibel?

Konchem possible bhayya. Do you know if it worked for anyone?

[csrcsr]

1 minute ago, Meluko_magajathi said:

Konchem possible bhayya. Do you know if it worked for anyone?

It will work e state bro nidi kodiga state laws kuda applicable avutayi chudu

Any layoff or pay reduce pakka avutadi , I knwo once guy got laid off nijanagane laid off he got his 3% emt back with kiper 

So definitely possible 10% is no joke  avasraam aithe lawyer ni kuda petukovali

[csrcsr]

11 minutes ago, Meluko_magajathi said:

adi illegal ayyi, red flag padi future lo problem avtadi kada? Tampa location

No no don't provide emis information 

Desi employer aithe you can manage bro

[Thokkalee]

3 minutes ago, meri_zindagi said:

Can we back off at this stage without any loss ?

You will lose the option money… $500 or something you pay for the contract… if you don’t pay it, the seller can sue you.. best to pay it… sometimes the title company can also enforce the agreement.. 

You won’t lose the earnest money if you backout..