Comments on: Can a bank accept your offer on a house, and then back out? http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out Sat, 04 Feb 2012 08:12:33 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: !!! http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1139 !!! Mon, 28 Dec 2009 23:35:59 +0000 http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1139 The bank never signed the Agreement of Sale. This is no offer AND acceptance in writing.<br><b>References : </b><br> The bank never signed the Agreement of Sale. This is no offer AND acceptance in writing.
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]]> By: wg0z http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1138 wg0z Mon, 28 Dec 2009 23:18:59 +0000 http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1138 The bank has not agreed to ANYTHING unless and until you have a signed document.<br><b>References : </b><br> The bank has not agreed to ANYTHING unless and until you have a signed document.
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]]> By: Landlord http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1137 Landlord Mon, 28 Dec 2009 22:47:59 +0000 http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1137 Yes, of course this is legal. I do not know where you got the idea that property can't be shown, but until there is a signed sales contract they are free to show and sell it to whoever they wish.<br><b>References : </b><br> Yes, of course this is legal.

I do not know where you got the idea that property can’t be shown, but until there is a signed sales contract they are free to show and sell it to whoever they wish.
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]]> By: Beverly S http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1136 Beverly S Mon, 28 Dec 2009 22:39:59 +0000 http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1136 Until both parties have a signed agreement they can back out. They never legally (on a contract) accepted your offer.<br><b>References : </b><br>23 years mortgage business. Until both parties have a signed agreement they can back out. They never legally (on a contract) accepted your offer.
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23 years mortgage business.

]]> By: acermill http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1135 acermill Mon, 28 Dec 2009 22:09:59 +0000 http://www.telkoplc.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1135 Sure it's legal, and it happens all the time. You didn't have an accepted offer. THAT requires a signature on your offer from an authorized party at the bank. Everything you did was purely verbal, and is not binding in any way. Consider yourself fortunate that they gave you the opportunity to raise your offer to 'highest and best'. They were not even required to do THAT.<br><b>References : </b><br> Sure it’s legal, and it happens all the time. You didn’t have an accepted offer. THAT requires a signature on your offer from an authorized party at the bank. Everything you did was purely verbal, and is not binding in any way. Consider yourself fortunate that they gave you the opportunity to raise your offer to ‘highest and best’. They were not even required to do THAT.
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