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January 1st, 2014

1. Seller’s remorse? How to back out of a home sale contract

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Ticking money bombThe most popular article on HSH.com in 2013 was “Seller’s remorse? How to back out of a home sale contract.”

Like number two on our list, this article is about backing out of a contract. But this time it’s from the seller’s perspective. Again, we were really surprised that so many readers were interested in this subject matter.

Excerpt:

You’ve finally gone to contract on your home, and now you’re sorry you have. How can you get out of the contract?

“A seller is best-advised to be absolutely firm about wanting to sell real estate,” says Joanne Fanizza, an attorney in Farmingdale, N.Y. It’s indeed good advice since, as Fanizza explains, sellers face high hurdles if they want to back out of a contract to sell their home.

“I’ve seen situations where sellers thought, ‘I’m just not going to sell.’ They think the house just isn’t for sale anymore. You can’t do that after you’re in contract,” she warns.

Be sure to read Seller’s remorse? How to back out of a home sale contract” in its entirety.

Previous:

10: Buying a new home when you haven’t sold the old one

9: Prepaid items vs. closing costs—what’s the difference?

8: A home improvement loan with no home equity?

7. What documents will I need to apply for a mortgage?

6. How mortgage insurance works

5. How to buy and finance apartment buildings

4. 5 signs your neighbor will sabotage your home sale

3: The salary you must earn to buy a home in 25 cities

2: Can you get out of a home purchase contract?

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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