Register first to go to  website
Financing Your Home >Financing Contingencies
Standard real estate purchase agreements usually contain language that releases the purchaser from an agreement if they are unable to get financing within a specified period of time. This contingency includes a full return of the earnest money deposit. If you are buying a home, you should read the financing clause carefully and be sure that you fully understand the terms of the agreement.
You are usually required to apply for your loan promptly and to comply with requests from the lender for any documentation needed to complete the loan application. The contract will also set a time limit by which you must have loan approval. If your lender cannot meet the financing deadline and needs additional time to complete the loan, you must ask the sellers for a written extension.
|
 |
| Q |
Nearly every state has a mandate for seller disclosure. What must a seller disclose?
|
| A |
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
|
 See More Real Estate Trivia > |
|
|
Chris Kare Home Team
Dean Christofilos, Managing Broker Owner
Volo and Tinley Park Offices
Phone: 815-385-1500
Fax: 708-633-9341
Email: Dean@ChrisKareRealty.com
We are Real Estate Buying and Selling Experts. All our services are geared to help you, our valued client have a successful and pleasant experience.   
www.ChrisKareHomeTeam.com is brought to you by
The Chris Kare Home Team
NUMBER1EXPERT™ in real estate for
Orland Park, Frankfort and Tinley Park, Illinois, Luxury Homes and New Construction Read The Chris Kare Home Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
