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Posted On: 04/22/2023 12:29:53 PM
Post# of 13214
Re: Wallstreet1234 #4396
You or anyone that has ever purchased property, pending financing does not mean financing has not been secured.
It remains pending until the lender is satisfied all pre-milestones, they set forth are met and signs the check..
As I stated before , it would be illogical for a seller to allow an LOI (for an offer $300,000 less than asking price) based on getting State incentives for over 6 months and take a chance of losing back up offers if the primary buyer did not provide proof that they had the ability to pay.
It remains pending until the lender is satisfied all pre-milestones, they set forth are met and signs the check..
As I stated before , it would be illogical for a seller to allow an LOI (for an offer $300,000 less than asking price) based on getting State incentives for over 6 months and take a chance of losing back up offers if the primary buyer did not provide proof that they had the ability to pay.
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