I need to find out how to be released from a home purchase contract, A unilateral release of sale was sent to the

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Customer: I need to find out how to be released from a home purchase contract
JA: What steps have you taken so far? Have you prepared or filed any paperwork?
Customer: A unilateral release of sale was sent to the sellers agent
JA: Where is the home located?
Customer: Bryans road md
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: Yea I withdrew my loan from the lender unintentionally, the release of sale states the reasoning is termination of employment
Answered by Khari P., Esq. in 3 mins 5 months ago
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Khari P., Esq.
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Expert in: Family Law, Legal, Estate Law, Real Estate Law, Criminal Law, Employment Law, Business Law, Consumer Protection Law, Bankruptcy Law, Traffic Law, Personal Injury Law.

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Khari P., Esq.
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5126 Satisfied customers
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10+ years of experience
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Khari P., Esq.
10+ years of experience
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5126 Satisfied customers

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Customer
Okay
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Khari P., Esq., Expert

Hello and thank you in advance for using Just Answer. I am sorry to hear you have an issue. Hope fully we can get this resolved quickly. I amCustomer. I am an expert attorney with over 22 years of legal experience, ready to answer your questions with top quality service. I am so sorry to hear you are having an issue and I greatly hope I can be of assistance. However, before we get started. There are a few things we must go over. First, all billing related questions including phone calls, I do not handle. (I am just a legal expert, and cannot provide any information related to payment at all. For that you have to contact customer service at(###) ###-####/i>). Further, with this site, I am only able to answer general legal questions.I am only able to answer general legal questions. I am a licensed attorney, but may not be from your jurisdiction. Therefore, I cannot be considered your attorney. No attorney client privilege can exist between us. As a result, since my answers are not considered legal advice, it is always recommended you consult with a local attorney for specific legal information for your situation. If I don’t answer right away, please be patient.

Lastly, please understand, If I give you negative news about the law, please understand, I didn't make the law, I'm simply just telling you what the law is. I deeply apologize if the law is not in your favor. Despite what some people may think, the law isn't always "fair". Although I can’t always give good news, I can always promise that I will be honest and forthcoming with you about your issue.

Customer
ok
Customer
I'm looking for guidance if you have had any experience with a situation like this
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Khari P., Esq., Expert

If you no longer want to go through with the contract for sale, if you are still within your window of a "mortgage contingency clause" you can have the lender write a letter stating you can't get funding. 

If it is where you are past that, you can still withdraw but you will lose your deposit.

Customer
We're outside of the window. They submitted a unilateral notice of contingency with a termination clause
Customer
Termination of employment
Customer
I am unable to provide supporting documents because while this will occur it will not be until july
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Khari P., Esq., Expert

The seller is the one that submitted the unliteral notice?

Customer
No I did
Customer
I'm the buyer
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Khari P., Esq., Expert

I get it but I already stated what needed to be done.

Customer
Even though it's outside the contingency window?
Customer
Oh I see
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Khari P., Esq., Expert

if there is a clause in the contract that allows for you to exit outside of the contingency period, then you should be fine.

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Khari P., Esq., Expert

you can always exit a contract, the question is how expensive is it going to be for you to do so.

Customer
Okay. I informed my realtor of that before talking to you they still advised me to talk to someone to understand exposure or correct verbiage to use
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Khari P., Esq., Expert

Your realtor should know.

Customer
Okay. That's what I thought
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Khari P., Esq., Expert

You are welcome. And it was really great chatting with you.

On behalf of JustAnswer and myself, we thank you for you using this service. If you should ever need us again or wish to deal with me, specifically feel free to contact us at JustAnswer again in one of the following ways:

You can ask me directly at https://www.justanswer.com/law/expert-kharip. Please make sure that you type “ForCustomerOnly...” in the question subject to ensure that the question is directed to me. You can also add me to your favorites at the bottom of the page so you can get to me more directly in the future.

Or you can always use the "Ask me a new question" feature on your “My Questions” page or you can add me to your Favorite Experts list if you would like to connect with me again in the future. Tips are never required, but always appreciated! Tell your friends about JustAnswer.

Best Wishes

Customer.

Customer
Thanks
Customer
hello
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Khari P., Esq., Expert

No problem good luck to you

Customer
is a contingency period a standard part of fha loans?
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Khari P., Esq., Expert

I am sorry but the question period is closed as per this site's rules. Therefore, you will have to open a new question thread. You can request me if you wish or another expert of your choosing. But in any event, Happy New Year! and thanks for using JustAnswer.

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