Comments on: Can a bank accept your offer on a house, and then back out? http://www.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out Sat, 28 Jan 2012 13:27:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: !!! http://www.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1124 !!! Thu, 31 Dec 2009 05:36:59 +0000 http://www.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1124 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.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1123 wg0z Thu, 31 Dec 2009 04:53:59 +0000 http://www.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1123 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.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1122 Landlord Thu, 31 Dec 2009 04:22:59 +0000 http://www.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1122 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.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1121 Beverly S Thu, 31 Dec 2009 04:08:59 +0000 http://www.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1121 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.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1120 acermill Thu, 31 Dec 2009 03:21:59 +0000 http://www.elicitfx.com/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1120 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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