Scenario:
You are offered the property and are expected to get the loan to close in a month. You put 3% at the escrow. However, at the end, you find that you cannot get a decent loan to close and have to give up the offer. How can you get back the 3% or possibly negotiate less loss? Or are u guaranteed sure loss of the 3% to the seller?
You are offered the property and are expected to get the loan to close in a month. You put 3% at the escrow. However, at the end, you find that you cannot get a decent loan to close and have to give up the offer. How can you get back the 3% or possibly negotiate less loss? Or are u guaranteed sure loss of the 3% to the seller?