Posted by Marie on January 29, 2006 at 20:52:53:
If you see this now, slow down!!! Who cares about losing $4000 earnest money compared to months of anxiety about being able to make the payments and worrying about tenants who may not be good stewarts over your investment. Don’t worry about what you have spent at this point. The real cost is a headache that you could be taking on. I would slow down, see if you can get out, and get your money back. If not, just don’t cooperate with the lender for the financing and let the deal fall through. This could be a costly mistake if you go ahead through with the closing.