A Realtor explains that the best deals are not always on these properties.
A commitment to make the loan that is conditioned on obtaining an appraisal satisfactory to the lender, is not considered a firm loan commitment until that condition is removed. If the appraisal eventually comes in at a number that is too low to support the amount of loan applied for the purchaser may elect to terminate … More A Loan Contingency and a Buyer’s Rights
So you enter into a contract to purchase a co-op and at the interview with members of the Board discover that an assessment of $150 is will go into effect by the time you are expected to close your purchase. Do you have the right to cancel this contract? The standard co-op contract of … More A Coop Contract and an Assessment
What if the closing on the purchase of your home is delayed and you are now faced with staying at your current rental apartment one month beyond the expiration date of your lease? In this circumstance, you should not sign a renewal lease for a one year period. If you do, you would be … More Staying in the Apartment for an Extra Month