Q: Husband & I (currently reside AL) had a home (TN) on contingency upon sale of our AL house. Removed contingency 4/14/17
Both signed papers...so we would not lose TN house (had to close by 5/22/17). Wife thought we were moving forward & would have 2 mortgages for short time (totally doable). Husband "left" wife on 4/17/17 and now refuses financing to complete contract. Seller not only wants to keep earnest $ (understandable...wife thrown for loop as well)...but seller wants to sue for $20K. What recourse does wife have if divorce/if couple works things out but not in time to close. Aargh.
A: It appears that you contractually took a risk that you only now realize that you shouldn't have taken.
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