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Financing Your Home >Financing Contingencies
Standard real estate purchase agreements usually contain language that releases the purchaser from an agreement if they are unable to get financing within a specified period of time. This contingency includes a full return of the earnest money deposit. If you are buying a home, you should read the financing clause carefully and be sure that you fully understand the terms of the agreement.
You are usually required to apply for your loan promptly and to comply with requests from the lender for any documentation needed to complete the loan application. The contract will also set a time limit by which you must have loan approval. If your lender cannot meet the financing deadline and needs additional time to complete the loan, you must ask the sellers for a written extension.
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Where will you find the world's largest indoor waterfall?
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The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
 See More Real Estate Trivia > |
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Joe and Rosanna Maez
Coldwell Banker Legacy
8200 Carmel NE 103
Albuquerque, NM 87122
505-401-5775
Fax: 505-275-4345
rosannamaez@NUMBER1EXPERT.Com
You can breath easy knowing that when Joe and Rosanna Maez are working for you integrity and tenacity are present. Joe and Rosanna are proven experts in Albuquerque and Rio Rancho Real Estate. They are used to handling several transactions of all different sizes at one time. You have made the right choice by putting your trust in the Joe and Rosanna Maez of the Maez Group.   
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