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Updated over 7 years ago on . Most recent reply
The buyer of my home wants to use a construction loan. Is that ok
A builder is going to buy my home and it says in the contract that the obligation of the buyer are not conditioned upon the issuance of written commitment from any lender, however, the buyer may close with a construction loan from a lender. This is supposed to be a cash sale with no mortgage contingency. What are your thoughts on the buyer closing with a construction loan? Can there be problems with this or delays?