Curious about this buyer
Buyer backed out on the last day of financial contingency after passing due diligence date. They had initially asked for $5,000 more in closing costs. My realtor said the lender offered $1,500 more, and they wanted $3,500 from us. We said no. Then, they claimed they weren't happy with the loan and were paying too much for the house. Now, they're saying they aren't sure about their job security as a teacher and don't want to use that much money. The buyer also repeatedly tried to back out over small concessions like smart locks and appliances, so I spent money on repairs per the home inspection, had electricians verify everything was good, repaired vent hoods, and addressed all safety issues. It feels like she got cold feet and is trying to pull out and keep the earnest money, which also ruined the sale of my other home. Can a lender issue a loan denial on the last day, claiming job uncertainty, after initially approving everything?