Financing in Saint Louis>Question Details

srudd3, Home Buyer in Saint Louis, MO

Am I bound to sign and if I don't what are consequences if everything is fine & I have signed sales contract & financing?

Asked by srudd3, Saint Louis, MO Wed Nov 20, 2013

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I'm not quite sure what your question is. If tou have a legally binding contract, there are provisions in it go protect both tjhe buyer and the seller, including provisions for both sides to be sble to take legal action against the other if the other side suddenly doesnt perform and fulfill thrir obligations under the terms of the contract. That said, loan commitment is typically a couple weeks before closing and thats the pount the buyer has to have their loan in place . If it can be shown that the buyer is purposely not applying to get the loan or giving the mortgage lender the required documents, the seller can take legal action, but a job loss is a jib loss
0 votes Thank Flag Link Wed Nov 20, 2013
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