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11-30-2009, 05:27 PM #1
Renter
- Join Date
- Nov 2009
- Posts
- 7
Buyer Loan application delay - Sign and date?
In a real estate purchase contract, if the buyer's loan application is delayed, would the real estate agent make a new contract? or would both parties amend it with their signatures and date below?
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11-30-2009, 11:15 PM #2
Banned
- Join Date
- Dec 2007
- Location
- UAE Dubai
- Posts
- 268
I think you should ask your Govt Real estate institute in this regards that will be highly informative in your case.
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12-03-2009, 07:03 AM #3
Fixer Upper
- Join Date
- Dec 2009
- Location
- Beautiful Arizona
- Posts
- 20
It depends on what the contract says. If the buyer was supposed to perform and they didn't, then they may be in breach of contract and a good lawyer will tell you what to do...
If you would like to get your hands on the same training that has taken over 20,000 top real estate investors from 'cash poor' to making over $18,750 a month then watch this free real estate investor forum webinar
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12-04-2009, 05:51 AM #4
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
It really depends on what your contract says. Actually, at this point you might not even have a contract if you missed a "time of the essence" deadline.
If the seller is willing then have the contract amended.Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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