(Total Views: 119)
Posted On: 04/22/2023 12:40:53 PM
Post# of 13213
Bullsh#t
it doesn't mean financing has been secured either
Or until the purchase offer window to close with deposit and contingencies expires
unless some a naive company put down a non-refundable deposit without a secured loan yet. we saw this lunacy happen with applying for a state bond, required, under a statute, NO final public hearing and Ri-DEM final sign off.
come back when you have an executed loan agreement with an estimated funding date. LOL
in my humble opinion
cheers
Quote:
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 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.
Quote:
pending financing does not mean financing has not been secured.
it doesn't mean financing has been secured either
Quote:
It remains pending until the lender is satisfied all pre-milestones
Or until the purchase offer window to close with deposit and contingencies expires
Quote:
it would be illogical for a seller to allow an LOI (for an offer less than asking price)
unless some a naive company put down a non-refundable deposit without a secured loan yet. we saw this lunacy happen with applying for a state bond, required, under a statute, NO final public hearing and Ri-DEM final sign off.
come back when you have an executed loan agreement with an estimated funding date. LOL
in my humble opinion
cheers
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