Common use of Authorization of Buyer to Release Information to Seller and Brokers Clause in Contracts

Authorization of Buyer to Release Information to Seller and Brokers. Xxxxx does hereby authorize Seller and the Brokers identified herein to communicate with the lenders with whom Xxxxx is working to determine and receive from said lenders any or all of the following information: (a) the status of the loan application; (b) Buyer’s financial ability to obtain the Loan(s) or other loans for which Xxxxx has applied; (c) whether and when Xxxxx provided the lenders with Required Information; (d) whether and what conditions may remain to complete the loan application process and issue of a loan commitment; and (e) the basis for any Loan Denial Letter.

Authorization of Buyer to Release Information to Seller and Brokers. Xxxxx Buyer does hereby authorize Seller and the Brokers identified herein to communicate with the lenders with whom Xxxxx Buyer is working to determine and receive from said lenders any or all of the following information: (a) the status of the loan application; (b) Buyer’s financial ability to obtain the Loan(s) or other loans for which Xxxxx Buyer has applied; (c) whether and when Xxxxx Buyer provided the lenders with Required Information; (d) whether and what conditions may remain to complete the loan application process and issue of a loan commitment; and (e) the basis for any Loan Denial Letter.