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Updated almost 6 years ago,

Jonathan Bolano's profile image
Jonathan Bolano's profile image
Jonathan Bolano
  • Real Estate Agent
  • from Cranston, RI
  • Member since Dec 19, 2017
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User Stats

38
Posts
14
Votes
Jonathan Bolano's profile image
Jonathan Bolano's profile image
Jonathan Bolano
  • Real Estate Agent
  • from Cranston, RI
  • Member since Dec 19, 2017
Connect
Jonathan Bolano
  • Real Estate Agent
  • Cranston, RI
14
Votes |
38
Posts
Private Lending & Conventional Mortgage Advice

What happens to your transaction if you cannot secure a HML?

Jonathan Bolano
  • Real Estate Agent
  • Cranston, RI
Posted

I'm wondering what happens when you get n offer accepted and go under contract but cant secure financing with a HML. I am not in this position but just wondering what happens. In a normal sale with a lender the P&S protects against financing not being secured. What happens in the event of a cash deal?

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