short sale contract: Is It a Contract?
- 11/16/09 07:52 AM
* There is a ratified contract on a "short sale" dated 9/9/2009. This is a new construction home. * Seller's lender approved the short sale contract 9/29/09. * Closing date was Oct. 22, 2009 with a 10 consecutive days extension clause. * Contract called for home inspection by Oct. 8, 2009. * Inspection could not be done because the house was not finished. * Buyer obtaining an FHA loan & FHA final inspection could not be done on time because house was not finished. * The closing date was not met because the house was not finished. * Buyer did not … (26 comments)
* There is a ratified contract on a "short sale" dated 9/9/2009. This is a new construction home. * Seller's lender approved the short sale contract 9/29/09. * Closing date was Oct. 22, 2009 with a 10 consecutive days extension clause. * Contract called for home inspection by Oct. 8, 2009. * Inspection could not be done because the house was not finished. * Buyer obtaining an FHA loan & FHA final inspection could not be done on time because house was not finished. * The closing date was not met because the house was not finished. * Buyer did not … (26 comments)
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