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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.
What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
The Franich TeamRE/MAX Accord313 Sycamore Valley Rd., WestDanville, CA. 94526Direct: 925-736-1664 Cell: 925-330-2773 Fax: 925-964-0266Email: Judi@JudiFranich.comAs preeminent real estate professionals in our community, we are dedicated to providing the finest service available while breaking new ground and setting new standards through the use of Internet marketing. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. We can offer top contract negotiation skills and can save you thousands of dollars in buying and/or selling a home. Most important, we listen to your needs!
The Franich TeamRE/MAX Accord313 Sycamore Valley Rd., WestDanville, CA. 94526Direct: 925-736-1664 Cell: 925-330-2773 Fax: 925-964-0266Email: Judi@JudiFranich.com
As preeminent real estate professionals in our community, we are dedicated to providing the finest service available while breaking new ground and setting new standards through the use of Internet marketing. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. We can offer top contract negotiation skills and can save you thousands of dollars in buying and/or selling a home. Most important, we listen to your needs!
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