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Real Estate
Reply to "Waiving finc contingency -- what are we risking?"
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[quote=Anonymous]Would these two scenarios be the two main risks: (1) Lender takes too long to close --> seller takes EMD and moves to #2 bid and/or re-lists (2) Something pops up in the process to get home insurance, e.g., insurer decides will not insure until house has a new roof, or other such major financial expense. We can't get a loan without that and don't have the extra cash for big expense --> seller takes our EMD and moves to other bidder. Any other major scenarios?[/quote]
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