Fired from job 1 day before closing

Ok, this is hypothetical, I'm not in this situation myself but I was curious.

If someone was fired immediately before closing, couldn't such a person just say nothing, go through with the closing, and then (hopefully) find employment immediately after and not default on the mortgage?

Or would you be under some legal obligation to let the parties involved know you have been fired.

More real estate tips at Program Realty Wix site

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