No one has to sign anything. There could be repercussions if they don't but without seeing the contract details it is difficult for us to know. I have gone to many closing with unsigned documents still unsigned and closed just fine. Your agent is correct to proceed as if it will close.... more
First of all, are you working with a REALTOR? If not, you need to be. These transactions can be tricky, and you want someone working for you as a Buyer's Agent. If you are, then you should be contacting him/her with these questions and they can guide you through this process.
Just because it says "as-is" doesn't mean you can't back out of the contract. It just means that the bank isn't willing to do anything to fix the problems.... more
Hello Janet, this is Amador Melgoza from Keller Williams Realty. First off, congrats on being approved for a $150,000 mortgage. Are You a first time home buyer? If so, jump online to my website and receive a free home buyers guide book free. Most likely the bank will not allow You to borrow more than the purchase price as spare cash out. You might have to get a seperate personal loan if needed. The best person to advise You should be the Mortgage Banker who approved You for $150,000 loan, he is the bank rep. I hope I helped answer Your question? http://www.home123store.com
Keller Williams Realty
35427 Dodge Park
Sterling Heights, MI 48312
website: http://www.home123store.com... more