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I was interested in buying a house and I placed earnest
Second opinion] Hello. I was interested in buying a house and I placed earnest money into escrow. The deadline for the earnest money has expired and I have changed my mind and no longer want to buy th… read more
Barrister
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Doctoral Degree
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Back in October of last year my wife and I went to our bank
Back in October of last year my wife and I went to our bank to ask how we can get a home loan. We didn't have much for money down. We told them the location that we are interested in finding a home an… read more
Loren
Loren
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Dear Real Estate Lawyer, I recently tried to help my sister
Dear Real Estate Lawyer, I recently tried to help my sister by purchasing a condo under my name. As I've gone through the process to fulfill documents in the contingency phases, I was suppose to close… read more
Michael Lykken, Esq
Michael Lykken, Esq
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I live in California. I am under contract to buy a house in
I live in California. I am under contract to buy a house in Oregon. The lender imposed an additional condition on me that I cannot meet in order to close the loan. I was asked to provide proof that I … read more
Loren
Loren
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Seller is trying to keep buyer's escrow because he had to withdraw
Seller is trying to keep buyer's escrow because he had to withdraw from contract due to not receiving a loan commitment during 30 day financing contingency period. Seller states he is not obligated to… read more
Phillips Esq.
Phillips Esq.
Attorney-at-Law
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This is the mortgage contingency clause in the purchase offer
This is the mortgage contingency clause in the purchase offer form used by realtors in Rochester NY: ---------------------------------------------------------------- Mortgage Contingency. This offer i… read more
Seattle Scott
Seattle Scott
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995 satisfied customers
Florida real estate contract. Buyer has financial contingency.
Florida real estate contract. Buyer has financial contingency. The contingency defines a "loan commitment date" as 30 days after the effective date - which is the date the contract was signed. After t… read more
Loren
Loren
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I was preapproved on a $6K down payment on a home so I went
I was preapproved on a $6K down payment on a home so I went ahead and proceeded with ratified contract with a seller. There were snags in the finalization process (IRS transcripts didn't come in on ti… read more
Phillips Esq.
Phillips Esq.
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We are currently in contract with a renovation loan to buy
We are currently in contract with a renovation loan to buy a property and the loan contingency removal is coming up again. Our lender is a major bank and has been very slow to process our loan and hav… read more
Seattle Scott
Seattle Scott
Private practice attorney
995 satisfied customers
Hello, This is related to the commercial real estate purchase
Hello, This is related to the commercial real estate purchase agreement. The buyer removed buyer's due diligence and loan contingency and submitted in the addendum to seller. Here is the wording relat… read more
Seattle Scott
Seattle Scott
Private practice attorney
995 satisfied customers
I am the buyer in an agreement to purchase a home in California.
I am the buyer in an agreement to purchase a home in California. The home is now in escrow. I am trying to determine if I can cancel this transaction without forfeiture of my earnest money deposit. I … read more
Alex J. Esq.
Alex J. Esq.
Managing Attorney
Doctoral Degree
15,583 satisfied customers
I have a contract for condo purchase signed in April. Everything
I have a contract for condo purchase signed in April. Everything was smooth for the beginning. I have the mortgage commitment on time. My performance I think is without a quiestion - all documents and… read more
evanesq
evanesq
Managing Attorney
Doctoral Degree
960 satisfied customers
My wife and I entered into a contract for a house based on
My wife and I entered into a contract for a house based on a preliminary HUD1 Statement for closing costs. Once the actual HUD1 came in the price for closing jumped $9000. Because of this the Mortgage… read more
Phillips Esq.
Phillips Esq.
Attorney-at-Law
JD
23,751 satisfied customers
our bank agent wrote and verbally expressed that we are qualified for the loan for co
our bank agent wrote and verbally expressed that we are qualified for the loan for condo purchase. So we deposited $2500 and signed the early occupancy agreement and moved in to the condo due to our r… read more
Dave Kennett
Dave Kennett
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if i got denied to buy the home several days before closing,
if i got denied to buy the home several days before closing, am i entitle to my earnest money back?… read more
Infolawyer
Infolawyer
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Doctoral Degree
8,377 satisfied customers
I have a sales contract to buy a house in Florida. The agreement
I have a sales contract to buy a house in Florida. The agreement is contingent on obtaining a mortgage loan within certain days. If I don't get a loan, both Buyer and Seller can cancel the agreement. … read more
Phillips Esq.
Phillips Esq.
Attorney-at-Law
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23,751 satisfied customers
Hi, Im real estate agent in Southern California and opened
Hi, I'm real estate agent in Southern California and opened escrow 45 day's ago and it seems like loan will not go thru. My big big mistake was did not put on Contingency about loan not been approved,… read more
P. Simmons
P. Simmons
Lawyer
Doctoral Degree
3,572 satisfied customers
I am under a contract to buy a new Pulte home at Orange Blossom
I am under a contract to buy a new Pulte home at Orange Blossom Groves in Naples. My Pulte mortgage is in processing but no approval yet. I am supposed to close this May 8th and I signed the contract … read more
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Meet the Experts:

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LawTalk

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I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

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Dimitry Esquire

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Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

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12+ yrs. of experience including real estate law.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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