Realtor didn’t disclose that Buyer did not qualify for loan

So we listed our house on the market and sold it in a day. The buyers “qualified” with a VA put a lot of earnest money down which made us comfortable and our realtor found them in their network and stated they were out of state investors. Now one week before closing they lied on their app that they were married but weren’t and don’t meet the salary minimums. Also on top of this I found out my realtor knew they were having issues a few weeks ago. They were even talking to them and trying to get them jobs and using a local lender. I don’t think they were working In my best interest at all…Oh yeah my closing on my new house is on the 19th of this month…well it was…

Is there any recourse other than keeping the earnest deposit? We’re supposed to find out more in the morning wether they will marry or walk away, but for stringing us along I’m not letting go of the earnest due to sticking us with ruining our closing.

submitted by /u/griffmic88
[link] [comments]

So we listed our house on the market and sold it in a day. The buyers “qualified” with a VA put a lot of earnest money down which made us comfortable and our realtor found them in their network and stated they were out of state investors. Now one week before closing they lied on their app that they were married but weren’t and don’t meet the salary minimums. Also on top of this I found out my realtor knew they were having issues a few weeks ago. They were even talking to them and trying to get them jobs and using a local lender. I don’t think they were working In my best interest at all…Oh yeah my closing on my new house is on the 19th of this month…well it was… Is there any recourse other than keeping the earnest deposit? We’re supposed to find out more in the morning wether they will marry or walk away, but for stringing us along I’m not letting go of the earnest due to sticking us with ruining our closing. submitted by /u/griffmic88 [link] [comments]

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