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Updated about 6 years ago, 10/12/2018

User Stats

399
Posts
222
Votes
David de Luna
  • Rental Property Investor
  • NorCal
222
Votes |
399
Posts

Lift Lending Contingency on a CONDITIONAL approval?

David de Luna
  • Rental Property Investor
  • NorCal
Posted

My final contingency left is lending. We are past the deadline by a day to do so but seller and seller agent are calm, confident I'm doing the deal. My agent is pressing me to sign off on the contingency, but my approval is conditional and I haven't event seen the conditions yet and appraisal isn't done either, which is one lender condition. I'm leery about signing off and something goes sideways and I lose my earnest money. $10,530 isn't exactly chump change. What would you do?

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