Our home caught fire.?
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The only thing you can do is get the house repaired as quickly as possible and back in sale shape.
Who knows, the house you were buying may still be available and if it is, you can probably negotiate a better deal at that time. Or maybe you find a better house anyway.
I too received damage in the storm, roof ruined, leaking, etc....but my house is livable.
Good luck.
Our home caught fire.?Can you please post more details?
Were you selling your old home or getting an equity line of credit?
Was the FHA loan on your old home via refinance or the new one?
Our home caught fire.?Have the damage repaired and the equity should not be an issue then.
Explain to the sellers of the other home what has happened and have your Realtor write an addendum extending the contract period and closing date. Hopefully the sellers will understand and agree, that will save your earnest money.
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