Monica,  in California

cash buyer wants to get a loan after acceptance

Asked by Monica, California Wed Oct 29, 2008

I submitted an offer for my all cash buyer for an Reo and it was accepted now he wants to get a loan will this be a problem???

Help the community by answering this question:

+ web reference
Web reference:

Answers

1
Sharon Home…, Agent, Livingston, NJ
Wed Oct 29, 2008
Monica,

I would contact the listing agent for the property. I would think it's not a problem as long as the mortgage is not a contingency, meaning the mortgage comitment is presented instead of the missing cash amount.

From my knowledge, banks generally not accepting any contingencies on their properties.

Good luck,
Karen Abramson
1 vote
Search Advice
Search
Ask our community a question
Home Buying in Zip Codes

Email me when…

Learn more