Shelia, Thank you so much for your help, professinalism, and friendship. We are in our new home and love it! Our best to you and your team!
Steve & Jan Gearhart
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Financing Your Home >Financing Clauses
Residential sales agreements usually have clauses referred to as financing contingencies which allow the buyers to declare the contract null and void if they are unable to obtain financing. This may be the most important condition in your contract if you are buying a home, so read the contract carefully before you sign it.
Most financing clauses set a time limit of from 30 to 45 days for obtaining a firm commitment from a lender. They may set deadlines for applying for a loan, and require the buyer's full cooperation in obtaining all the information needed to process your loan. If the loan is not approved by the deadline, it may be necessary to request an extension from the sellers or take specific steps to void the contract and get your deposit money back. Be sure to note all of the financing deadlines in the contract, apply for your loan as soon as possible, and be diligent about providing the lender with any documents that are requested.
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| Q |
What 45,000 sq.ft. home on 5-acres on Lake Washington is described as an 'adventurous house' by its owner?
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| A |
The home of Microsoft's Bill Gates ($40+ million) has a wall of 24 video monitors featuring art and film and a 60-foot pool. |
See More Real Estate Trivia > |
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Shelia Scott
Brian Jennings
Keller Williams
Indy Metro South
1410 East Morgan St.
Martinsville, IN
46151
Direct: 765-318-1031
Fax: 765-342-5502
primary: sheliascott@NUMBER1EXPERT.Com
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My team and I are here to take CARE of
all YOUR real estate NEEDS! If you are a BUYER we will assist you in finding the
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possible. SERVICE to YOU is at the Top of list!
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