loan commitment Archives - Colorado Attorneys

Loan Conditions Deadline?

August 25, 2015April 1, 2008 by Oliver Frascona

What Happened to Loan Approval or Loan Commitment? What does the Loan Conditions Deadline really mean? By that deadline date the buyer needs to be satisfied that the loan is ok with the buyer. Specifically “Contract is conditional upon Buyer determining, in Buyer’s subjective discretion, that the availability, terms, conditions, and cost of such New … Continue Reading

Loan Commitment Contingencies

August 26, 2015May 1, 2000 by Jon Goodman

QUESTION #1: If the property does not appraise for the purchase price, may the seller terminate the contract if the buyer still wishes to proceed? My seller no longer wants to sell and is looking for a way to get out of the contract. If the property does not appraise for the purchase price, may … Continue Reading