Comments on: Can a bank accept your offer on a house, and then back out? http://www.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out Mon, 19 Dec 2011 13:18:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: !!! http://www.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1224 !!! Sun, 17 Jan 2010 19:56:59 +0000 http://www.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1224 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.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1223 wg0z Sun, 17 Jan 2010 19:41:59 +0000 http://www.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1223 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.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1222 Landlord Sun, 17 Jan 2010 19:33:59 +0000 http://www.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1222 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.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1221 Beverly S Sun, 17 Jan 2010 19:10:59 +0000 http://www.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1221 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.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out/comment-page-1#comment-1220 acermill Sun, 17 Jan 2010 19:02:59 +0000 http://www.majazer.net/realestate-listing/can-a-bank-accept-your-offer-on-a-house-and-then-back-out#comment-1220 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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