19 Jul Buyer cancelled for silly reason. Will future buyers be able to see that there was a cancelled contract or the reason it was cancelled?
I finally got my house under contract, and 3 days later the buyers sent a form saying they are terminating the contact because of "unsatisfactory data." The reason they filled in was "sex offender nearby".
When I saw that I freaked out and asked for info. I mean, I don't want my kids in danger while I live here! They sent a printout of our state's sex offender map. It turns out that there's one guy, 5 miles away (as the crow flies, more like 10 miles driving) who was arrested in '98 for, get this, urinating behind a bar!
My agent says that during the first few days, they can cancel for basically any information they find that they don't like, so I'm not even here to ask about that. My concern is that other interested buyers will be told by their agent "this house was under contract, but it got cancelled due to sex offenders in the area." My agent says he "can't predict the future." What??
Can anyone here say definitely whether this information will be accessible to others? If so, to what degree? Will they a) only see that it was cancelled, b) see that it was cancelled for unsatisfactory data, or c) see that it was because of "sex offenders"? Or all of the above? Or none of the above?
I really can't believe this. Super thanks to anyone who helps me out.