02767 : Questions & Answers

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Amelia Robin…, Real Estate Pro in Falls Church, VA
Amelia Robinette answered:
Buyer did not send us a mortgage commitment letter by Sept. 10. It is now the 18th. Can we break the contract.Closing Oct.9 and no house inspection
In Virginia, a financing contingency automatically extends to the closing date, unless it's specifically changed in the contract terms, so if you were here, you wouldn't have cause to c ... more
0 votes Share Flag Sat Sep 19, 2015 Home Selling in 02767
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
can I rescind an offer based on the fact that the seller did not provide a survey in the 21 days after acceptance of offer as stated in the Wisconsin?
Possibly, but you really need to start with your agent who wrote the contract. State Laws and practices vary and I know nothing about how Wisconsin contracts are done. If you are confi ... more
0 votes Share Flag Fri Mar 6, 2015 Home Buying in 02767
Alvin King, Real Estate Pro in Las Vegas, NV
Alvin King answered:
i have a contract on a home and the loan commitment date has expired, its past the 30days. should i sign a new contract with todays date?
Are you represented by an Agent? It is very difficult to comment on this situation since you have a contract with specific terms. This question should be directed to your agent. Good ... more
0 votes Share Flag Thu Oct 30, 2014 Home Selling in 02767
Bill12345678…, Home Buyer in Sanford, FL
Bill12345678911 answered:
Can I cancel my contract due to the buyer not obtaining a real commitment letter?

Sadly, none of these realtors answered your simple question: "can you cancel the contract due to the conditions in the commitment letter?"

They all just attempt ... more
2 votes Share Flag Mon Sep 16, 2013 Home Selling in 02767
Joanne Berube, Real Estate Pro in South Easton, MA
Joanne Berube answered:
How long does it take to get out of a contract if you could not get mortgage commitment?
As long as you are within the dates on your agreement you just need to provide a denial letter and you should have your deposit refunded . You should always ask an Attorney legal quest ... more
1 vote Share Flag Fri Mar 22, 2013 Home Buying in 02767
Debra Cahill, Real Estate Pro in Plymouth, MA
Debra Cahill answered:
How do we get out of an open ended buyer broker agreement? It has been over a year and it is just not working out!
I may be mistaken but all agreements in order to be valid need to have a start date, obligations spelled out, and an end date.
0 votes Share Flag Fri Mar 22, 2013 Home Buying in 02767
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
If buyer fails to provide information for mortgage approval and does not close, how do I cancel contract and put in claim for deposit- Fl realtor
You are asking for what appears to be legal advice.
I would ask a lawyer.

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those wh ... more
0 votes Share Flag Sat Oct 27, 2012 Home Selling in 02767
Joanne Berube, Real Estate Pro in South Easton, MA
Joanne Berube answered:
What is my recourse if my own agent is hidding information from me?
sounds more like a communication issue. In Mass the HUD is usually prepared earlier but not exact until last minute. Good luck !
0 votes Share Flag Wed May 23, 2012 Financing in 02767
Heidi Zizza, Real Estate Pro in Framingham, MA
Heidi Zizza answered:
Missed Commitment letter due date
Unfortunately you cannot do much. It does not need to be a cash deal, you can still use financing however if your financing gets denied it has to be cash. Did you get a denial letter? C ... more
0 votes Share Flag Tue May 10, 2011 Home Selling in 02767
Karen Myers, Real Estate Pro in Auburndale, FL
Karen Myers answered:
how to stop renewal of real estate contract?
If you aren't satisfied with the agent of company, you should be able to submit, in writing, a brief description of why you feel you are not able to keep the listing agreement. Mo ... more
0 votes Share Flag Fri Apr 29, 2011 Home Selling in 02767
Scott A. Nel…,  in 02155
Scott A. Nelson answered:
How do I cancel an Option Agreement when my agent says he was never my agent and the seller's have gone into hiding (with my $15000 option?
You need to talk to your own attorney ASAP. Either the lender's attorney you hired for yourself or a private real estate attorney to represent your own interests. Typically the len ... more
0 votes Share Flag Tue Feb 8, 2011 Home Buying in 02767
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