Can i back out of house after closing?

dgrieves · Joined: 19 Sep 2009 Posts: 1 1.00 Dollars($)

I signed the closing papers yesterday and extra expenses I didn't realized popped up is there a window that will allow me to back out of sale or is it to late?

gmakerley · Posted: Sat Sep 19, 2009 8:05 am Post subject:

i guess you bought the house yesterday. honestly, that really means that you bought the house yesterday.

if you're that disappointed in the outcome, you can certainly put the home on the market immediately. you'll have difficulties in selling it, however, as "flipping" homes is a dirty word in the mortgage industry. i know that's not what you're speaking of, but any re-sale immediately after a purchase is going to be conceived of as a flip, regardless of the circumstances.

i'd think it would behoove you to come to grips with the expenses as best you can and settle in for a while. your equity position, whatever it may be, will also impact your ability to sell.

leeelliot61 · Joined: 13 Sep 2009 Posts: 188 -0.07 Dollars($)

you can not back out. discuss with mortgage lender about extra expense.

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