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after closing

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Katiedyd Guest	Posted: Sat Jun 11, 2011 7:35 am    Post subject: after closing Like 0 Dislike 0 Can a seller back out AFTER closing? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Sat Jun 11, 2011 9:12 am    Post subject: Like 0 Dislike 0 I can't conceive of a way in which that could happen. After all, AT closing, the ownership of the property has been transferred. In other words, it's too late as soon as the documents are signed and money has changed hands. Tomorrow's too late; yesterday is gone. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Sun Jun 12, 2011 9:05 pm    Post subject: Like 0 Dislike 0 Hi Katiedyd! Welcome to forums! A seller cannot back out of the deal after the closing. Even if the seller wants to back out, it will depend upon the buyer whether or not he/she is ready to give back the property to the seller. Feel free to ask if you've further queries. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Jun 14, 2011 11:25 am    Post subject: Like 0 Dislike 0 Any buyer who would hand back the keys to a seller after going through all kinds of gyrations to obtain a mortgage, deal with the outflow of substantial funds, etc. would have to be slightly daft, to say the least. Can we truly imagine a case in which the new homeowner went out and purchased furniture, appliances, window dressings, lawn and garden tools, snow removal items and who knows what else; only to say "oh sure" when the seller says, "oh by the way, I changed my mind and I want my old house back now."???? Somehow that kind of scenario just strikes me as so blatantly ridiculous that I'm surprised I was even able to type it! _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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