Ask your attorney to address your concerns. If you’re not satisfied with the responses, you can walk away. First of all – ask for (or have your attorney ask for) the disclosure. You should have seen it, and signed off on it before making your offer.
Although walking away may be possible, it’s far better to use due diligence to understand the home-buying process, research your desired property, and think objectively about your wants and needs before you sign a contract so you can avoid "buyer’s remorse." After all, your goal is to buy a new house to live in, not to walk away from it.
Before Walking Away Consult An Attorney Posted by Michael Shedlock at 12:43 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
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Although walking away may be possible, it’s far better to use due diligence to understand the home-buying process, research your desired property, and think objectively about your wants and needs before you sign a contract so you can avoid “buyer’s remorse.” After all, your goal is to buy a new house to live in, not to walk away from it.
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It is best to speak to an attorney before accepting an offer and entering a plea of guilty. If you do not have a lawyer, you can ask the court for a public defender. If you have a lawyer and choose to accept the guilty plea, make sure that you understand all of the conditions of the plea.
Is it possible to walk away from a mobile home that still has a loan balance of more than it is worth? My home is in a mobile home park and I pay rent on the lot. I need an attorney that can help me follow the necessary procedures to get out from under this loan so that I can relocate in another state, Florida.