The seller is interested in selling the property and not getting into a legal battle over breach of contract. Keep the deposit and move on to the next buyer.
A letter to a lending institution should not require why your move is taking place. The letter should only state the change in information regarding the loan (or mortgage), including your contact information and statements regarding the completion of payments on the loan (mortgage). An agreement between you and your parents regarding the purchase of their home is a contract between you and your parents. If changes are to be made with the lending institution, that is a contract between your parents and the lending institution and must be amended by them. In most cases, a meeting in person with you, your parents, and the lending institution should take place to amend an existing contract. Your letter should request such a meeting if changes need to be made.
Yes. You should also report the broker to the local board of realtors.
No. You are not entitled to a refund if you made payments toward the purchase of a vehicle. In truth, if you signed a contract to purchase the vehicle, that vehicle is now secondary to the contract, you could still be held responsible for the balance of the loan, whether or not you still have the vehicle.
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Making changes to a contract. It has nothing to do with the US Constitution.
All parties to the contract must make any changes in writing and signed by all parties.
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One person cannot change a contract until all people who are in on the contract agree to it.
Yes. Make certain you keep your copy in a safe place so you can use it as evidence. Changes cannot be made to a written contract unless the changes are in writing, dated and signed by both parties.
No, a changed contract is not considered a new contract as it is an amendment or modification of the original agreement. The changes made are typically done to update or adjust certain terms or conditions of the existing contract without creating an entirely new agreement.
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