Asked by Ch, Studio City, CA • Wed Jun 10, 2009
In this house purchasing deal, the seller (a bank) wants me (the buyer) to get a loan from their sister company (a mortgage brokerage company). Is it a good idea to FINANCE THRU THE SELLER/SELLERâ€™S SISTER COMPANY? Is there any precaution I should be aware of?
The bank wants me to close escrow on a specific date on the contract, but due to the delayed response of the bank with their counteroffers, my actual ESCROW PERIOD IS NOW MUCH LESS THAN 30 days from the contract close date and the per dim charge will apply once the contract close date is extended thru no fault of the seller. What should I do?
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