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We are buying our first house. Our family is selling some properties and wire transfer to our account from out of country. we also have mortgage gift letter from them.
The problem is their buyer step back last minute. Our contract states we have to pay downpayment 100 k but we have 50 k now. There are more than 2 weeks to closing and they may sell and send money on time. Our rate lock until end of september. Can you tell me what is the best option for us. do I have to wait until last minute or talk with the broker now? When the houses sell we can close the %70 of the mortgage.