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Updated over 2 years ago,

Ryan H.'s profile image
Ryan H.'s profile image
Ryan H.
  • Investor
  • from Portland, OR
  • Member since Nov 17, 2014
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User Stats

100
Posts
25
Votes
Ryan H.'s profile image
Ryan H.'s profile image
Ryan H.
  • Investor
  • from Portland, OR
  • Member since Nov 17, 2014
Connect
Ryan H.
  • Investor
  • Portland, OR
25
Votes |
100
Posts
Tucson Real Estate Forum

Unfulfilled Loan Contingency

Ryan H.
  • Investor
  • Portland, OR
Posted

I need some help understanding the "unfulfilled loan contingency" in the standard Arizona Purchase Contract (section 2c).  If I'm not satisfied with the terms (interest rates, etc.) that I'm receiving from lenders, is this a valid reason for me cancelling a contract and receiving a return of my earnest money?  Or is the only condition under which it can be used that I'm not able to get approved?

Tucson, Arizona
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