not necessarily, at least you now know for sure that you can secure funds, keep it open and continue to look for a deal just do not feel rushed and make a bad decision on a deal just because you have funds available, ask your lender for a extension or what you would have to do to keep the fund line open. most banks will allow it to stay open for up to 1 yr from the start date unless used then it continues on an on. but i would infidelity check with your lender on the terms.Best of luck,

@Jonathan Gomez Hey Jonathan, I am in need of a title company that will conduct same day closings.  

Will your lender give you an extension, or will you be forced to “quick sell” the house, realizing thousands less in profit than you had anticipated?

I have extensive experiencewith hubzu.com/Altisource/Ocwen et al and I am not aware of an alternative to the auction process with the exception of a bulk sale whereby the property is offered to select investors along with a large group of properties.

But then weeds will just grow too in a year or two.I have checked out the artificial lawns, I didn't know they are so expensive, and requires extensive prep work

If the actual damage is extensive take pictures and notify the seller that you will not close until the problem is dealt with.  

While I was at the Records Office at the county court house, I noticed the county Extension office next door.

I would like to tie up the property before someone else then conduct further due diligence.

We always pay to conduct our own post rehab appraisal.

it is almost impossible to argue that a minimum floor with a maximum ceiling isn't a fair compromise for both parties.3) Fair Market Value - This requires extensive detail to define what is "Fair Market Value", how it is calculated.