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Financing Your Home >Financing Contingencies
Standard real estate purchase agreements usually contain language that releases the purchaser from an agreement if they are unable to get financing within a specified period of time. This contingency includes a full return of the earnest money deposit. If you are buying a home, you should read the financing clause carefully and be sure that you fully understand the terms of the agreement.
You are usually required to apply for your loan promptly and to comply with requests from the lender for any documentation needed to complete the loan application. The contract will also set a time limit by which you must have loan approval. If your lender cannot meet the financing deadline and needs additional time to complete the loan, you must ask the sellers for a written extension.
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What land did the U.S. Government buy for $7.2 million?
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In March 1867, the US bought all of Russian America (Alaska) from Russia. |
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John DeSmedt Keller Williams 19721 Bethel Church Road Cornelius, NC 28031 704-999-0896 Fax: 704-235-1901 JohnDeSmedt@NUMBER1EXPERT.com
I am a highly trained “Real Estate Specialist” with many years of valuable expertise. I deal with buyers and sellers from all walks of life and an assortment of needs.
My website provides excellent information on various topics and allows home buyers to sign up to receive all the latest listings in any area.
For home sellers I have developed a system which I refer to as the “Ultimate Home Marketing System". It has proven to be extremely successful in finding that qualified buyer.
I hope you will afford me the opportunity to sit down and discuss your real estate needs.   
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