Common use of Bank Financing Clause in Contracts

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 47 contracts

Samples: Residential Real Estate Purchase Agreement, Residential Purchase Agreement, Residential Purchase Agreement

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Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 27 contracts

Samples: Land Purchase and Sale Contract, Land Purchase and Sale Contract, Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c)said date; Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 14 contracts

Samples: Residential Purchase Agreement, Residential Purchase Agreement, Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c)said date; Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 13 contracts

Samples: Residential Purchase Agreement, Residential Purchase Agreement, Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER] In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c)said date; Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 11 contracts

Samples: Residential Purchase Agreement, Residential Purchase Agreement, Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER FINANCING] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is IS is not IS NOT contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c5(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 9 contracts

Samples: Residential Real Estate Purchase Agreement, Residential Real Estate Purchase Agreement, Residential Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [DESCRIBE] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 6 contracts

Samples: Land Purchase and Sale Contract, Land Purchase and Sale Contract, Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER FINANCING] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not ☐ IS ☐ IS NOT contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c5(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 5 contracts

Samples: Residential Real Estate Purchase Agreement, Residential Real Estate Purchase Agreement, Residential Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 2 contracts

Samples: Land Purchase and Sale Contract, Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [DESCRIBE] In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ . In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20____, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c)said date; Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Hawaii Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Residential Purchase Agreement

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Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; . If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after the initial application, the Buyer shall be in default; . On or before _____________________, 20____, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, acceptable income, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; . In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c)_____________________, 20____, this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); date. Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) above regarding the financial institution, type of financing, or allocation of closing costs; and . Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by a lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability The availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or or property approvals approval or interest rates.

Appears in 1 contract

Samples: Residential Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the BuyerXxxxx’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER] In addition, the Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If the Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c4(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c4(c); The Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c4(c) regarding the financial institution, type of financing, or allocation of closing costs; and The Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. The Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as the Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Land Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: _____________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; . If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after the initial application, the Buyer shall be in default; . On or before ____________________, 2020 ___, the ___ Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, acceptable income, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; . In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c)__________________, 20 ______ this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ______ days from the date in Section V(c); date. Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) above regarding the financial institution, type of financing, or allocation of closing costs; and . Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by a lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability The availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or or property approvals approval or interest rates.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [DESCRIBE] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ _______________________ a.) In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; ; b.) If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; ; c.) On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; ; d.) In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within _______ days from the date in Section V(c); ; e.) Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and and f.) Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Residential Purchase Agreement (Here 001 LLC)

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [ OTHER FINANCING ]. In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[ MM/DD/YYYY ], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is IS is not IS NOT contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [ # ] days from the date in Section V(c5(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Residential Real Estate Purchase Agreement

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