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  • I wouldn't suggest that the Buyer go so far as to obtain a mortgage commitment prior to an approval. Could prove to be a big waste of time.
  • We have an addendum from CDPE that says everything is contingent on buyer, and sellers lender, and sellers approval of sellers lender terms. If buyer does not close in the 45 days above, an extension should be requested from sellers lender/s. We just had one that had a December tax bill come in and lessen the amount shllers lender would receive and sellers lender said NO. So the buyer has a choice to pay more or not. If not, we have to move on to buyer next. ouch.
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