Loan Contingency Removal All Locations : Nationwide Real Estate Advice

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Showing results for Loan Contingency Removal [Clear search]
Laura Coffey, Real Estate Pro in Santa Clarita, CA
Laura Coffey answered:
Buyer asked to extend loan contingency removal and what happened if the extension expires and buyer st ...
The listing agent should send a notice to perform. If the buyer wants more time they should automatically release some or all of the deposit. Possibly a per diem. Unless the market is t ... more
0 votes Share Flag Fri Oct 12, 2012 Home Selling in Oceanside
Christopher…, Real Estate Pro in Tarrytown, NY
Christopher Pagli answered:
I found a home I like.Its bank owned and has an underground oil tank. My agent has warned me this is a bad idea,but ireally love the house.what to do?
Hi, Any home you buy with an underground oil tank always get it inspected and insured, uoi should be fine with that. Most banks funding a loan will require insurance anyway.

Chris
0 votes Share Flag Sun Dec 11, 2011 Home Buying in Connecticut
Jack Mitchell, Real Estate Pro in Los Angeles, CA
Jack Mitchell answered:
I am interested in a home that has a tree roots that have cracked the sidewalk and driveway of the home and I am concerned about foundation problems.
My guess is that the foundation of the home should be fine. It's pretty rare for roots to cause structural problems. But, the easiest way to find out is to see what your general in ... more
0 votes Share Flag Fri Oct 28, 2011 In My Neighborhood in Park Mesa Heights
Kathleen Lor…, Real Estate Pro in Baxter, MN
Kathleen Lordbock answered:
If Seller refuses Extension to Closing Date, and all my Contingencies have expired, do I lose my Escrow Deposit?
Did you sign an arbitration agreement or decline arbitration?
0 votes Share Flag Sat Dec 20, 2014 Home Buying in Los Angeles
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
Why should a buyer sign a Contingency Removal Form?
Was there a contingency in the offer other than financing? What contingency are they asking you to remove? How long until closing? I sounds like all is a go, so I don't see why you ... more
0 votes Share Flag Tue May 3, 2011 Home Buying in California
Phil Rotondo, Real Estate Pro in Melbourne, FL
Phil Rotondo answered:
Can buyer back out before removal of contingencies by saying the house is not right for me after reviewing ...
Lu,
Check the wording of the contract that you signed under inspection contingency. It should outline exactly what you will need to do to cancel the contract under this contingency. Y ... more
0 votes Share Flag Tue Apr 26, 2011 Home Buying in California
scott farmer, Real Estate Pro in Scottsdale, AZ
scott farmer answered:
Is it legally and/or ethically acceptable for me to submit multiple short sale offers at the same time on different properties in California?
It's ethical and legal as long as you disclose the fact to all sellers you enter into agreements with that you are making multiple offers. The trick is to make sure you include la ... more
0 votes Share Flag Thu Apr 21, 2011 Home Buying in California
Arturo Shive…, Real Estate Pro in Danville, VA
Arturo Shivers answered:
Whose responsibility is it to get owners out of a short sale property?
Mike, if memory serves me correctly working for in the Consumer Real Estate Department, minimum loan amount is $50K for purchase money financing. So, basically, if there is some requir ... more
0 votes Share Flag Sat May 7, 2011 Foreclosure in Danville
Pat & Steve…, Real Estate Pro in Westlake, OH
Pat & Steve Pribisko answered:
2% origination fee question.
You can always "shop" other lenders to see if any other lenders in your area don't charge points & yet quote the same 30 year fixed rate or better. You can do this ... more
0 votes Share Flag Sun Apr 10, 2011 Financing in 92101
KARIN  ZELLER, Real Estate Pro in OXNARD, CA
KARIN ZELLER answered:
i put down a deposit to hold the property but i want to cancel, i didnt approve the loan. can i get my money ...
Dear Wayfarer, How far into escrow are you? IF you are within your 17 days per the Purchase Agreement, then you should be able to get your deposit back with no penalties. As long as ... more
0 votes Share Flag Wed Jul 13, 2011 Home Buying in 93036
Bob Phillips, Real Estate Pro in Rancho Santa Margarita...
Bob Phillips answered:
Can I get my deposit back if it has been more than 17days of acceptance, escrow ... loan has not been approved yet? ...
Hi Stacey, Your Realtor should be answering these questions for you - assuming you have one

First of all - is this a short sale property? If so, has the lender approved your offer, ... more
0 votes Share Flag Mon Apr 11, 2011 Home Buying in Orange County
Thierry Abel, Real Estate Pro in Larkspur, CA
Thierry Abel answered:
I am a first time buyer should I consider a foreclosure and what are the risks?
It is like buying a used car without a CARFAX.
It might not be worth the risk
0 votes Share Flag Sun Dec 9, 2012 Home Buying in 93940
Michael Emery,  in Minneapolis, MN
Michael Emery answered:
I have purchased a home, am currently in escrow, almost at the 17th day but sellers' agent put the home back on market- is this legal?
When you say you're negotiating the repairs that means you have a contingency that has not been met. If the homeowners decide they're not willing to pay for or make repairs, t ... more
0 votes Share Flag Mon Jun 27, 2011 Home Buying in San Diego
Michael Emery,  in Minneapolis, MN
Michael Emery answered:
Made a full price offer, with the normal contingencies, on a condo. Seller wants us to remove all our contingencies at 14 days after acceptance.
If you have a finance contingency, you would need to make sure your lender is able to underwrite the loan in that 14 day period. If you remove the finance contingency prematurely and th ... more
0 votes Share Flag Wed Nov 14, 2012 Home Buying in Caballo
Nicholas,  in San Francisco, CA
Nicholas answered:
cancelling a short sale.
did you lift loan contingencies?
0 votes Share Flag Tue May 24, 2011 Financing in Indio
Jennifer Her…,  in Royal Palm Beach, FL
Jennifer Hernann answered:
where in the world can you find a list of FHA approved homes to buy?? Northern California
Hi Windowpainter,
HUD.gov has a list of homes for sale that they personally own but a Realtor will be able to help you with all homes that can qualify for FHA approved financing. Gen ... more
0 votes Share Flag Sat Mar 5, 2011 Home Buying in 95667
Tina Lam, Real Estate Pro in San Jose, CA
Tina Lam answered:
Escrow close date in 3 days, still haven't heard back from the bank on repairs?
Even in regular sale, most sellers won't let buyer come into the house and do repair before the close of escrow. And I would recommend my buyers not to make such a request to too b ... more
0 votes Share Flag Sat Feb 26, 2011 Home Buying in 94519
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
I never removed my 17 day loan contingency in writing on a standard california contract, can i get my deposi ...
Probably, but you need to discuss with an attorney and your agent's broker.



Richard
0 votes Share Flag Wed Feb 23, 2011 Financing in Los Angeles
Mack McCoy, Real Estate Pro in Seattle, WA
Mack McCoy answered:
Verbiage my agent should use for cancelling a purchase agreement while within inspection period.
Unless there is a broker-provided form or notice, they should consult with the company attorney, and you should do the same.
0 votes Share Flag Sun Feb 20, 2011 Home Buying in Sacramento County
Marilyn Rich, Real Estate Pro in Ross, CA
Marilyn Rich answered:
If I cannot get a loan and it's past the 15 days contingency, can I still get my deposit back?
Have you removed your contingencies in writing?
0 votes Share Flag Fri Feb 18, 2011 Home Buying in Pasadena
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