Answers by Alex Scopino

Hi Trina Sorry to hear of the loss of your job! I would speak to your realtor immediately! I've had a similar situation with a buyer in the past. Here in Floride, typically the buyer is allowed their earnest money returned if they cannot get the loan. I would absolutely get a denial letter from your lender as soon as possible. That should help. Best of luck!

As alot of folks have already said, generally no. That being said, speak to your Realtor about assumable loans. Here in Florida, I have access to a tool that allows me to see assumable loans for homes for sale. If there's such a thing where you live, you may be able to find an assumable mortgage with a low rate. Best of luck!

First off, make sure in the listing agreement you signed, you can in fact cancel without penalties. Here in Florida, You would then want to ask for a signed "unconditional release". That releases you and the agent/broker from the agreement. Best of luck!