Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Waiving finc contingency -- what are we risking?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]For financing contingency, if you have 20 days, then you have 20 days to get the letter of commitment from the lender. If you do not, you can lose your earnest money. Usually if you pass this and then they take longer to close, that is very normal. There is usually a settlement date in the contract that is part of the terms. At this point depending on the condition (for ex title search taking longer) the seller will agree to an extension because it would take much longer to find a new buyer and relist. If they pull out you can lose your EM. [/quote] This is not correct. If you don’t produce the letter then the seller has the right to give you a 3 day notice that if you don’t produce the letter they will terminate the contract and refund the buyer their EMS. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
