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| What happens if my buyer doesn't get financing by the date on the contract? |
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| Category - Home Selling Questions - Agent, Offer & Commissions FAQ's
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| Two things can happen when this happens. First, the buyer or buyer's attorney can ask for an extension of financing. Secondly, the buyer could retrieve his earnest money (provided he/she made a good diligent effort to acquire a loan) and cancel the contract. |
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Courtesy of HomeOwners Advantage and link that to their entry in the wiki which is at HomeOwners Advantage |
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