A Loan Contingency and a Buyer’s Rights


 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