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Financing Contingency

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Anonymous
Not applicable

Financing Contingency

At what point is it typical to remove the financing contingency?  

Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Financing Contingency


@Anonymous wrote:

At what point is it typical to remove the financing contingency?  


In CA it is typically 17 days, but your contract should state this.

Message 2 of 6
DallasLoanGuy
Super Contributor

Re: Financing Contingency

this seems to be different from state to state.

 

Retired Lender
Message 3 of 6
ezdriver
Senior Contributor

Re: Financing Contingency

The date that you specified in your contract.

Message 4 of 6
Anonymous
Not applicable

Re: Financing Contingency

Thanks all!  We are working directly with the seller and he mentioned taking the contingency off.  I didn't feel comfortable because we're just now starting the UW process.  I guess I just needed some extra assurance that removing it early like this isn't in the norm.  We'll be keeping it on for now!  Thanks again!

Message 5 of 6
DallasLoanGuy
Super Contributor

Re: Financing Contingency

absolutely keep it on!!!!!!!!!!!!!!

 

Retired Lender
Message 6 of 6
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