1,505,863
About as well as Santa Clauses protect children.
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Nina Hollander, Broker
Charlotte, NC
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Barbara Todaro
Franklin, MA
-
Michael Jacobs
Pasadena, CA
1,712,776
It's in chapter seven of the book.
-
Sandy Padula & Norm Pa...
, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
6,416,169
Do they?
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
2,684,569
Ask a Lender.
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
5,253,385
Calling all AR lenders...
-
Kathleen Daniels, Prob...
San Jose, CA
-
Roy Kelley
Gaithersburg, MD
-
Anthony Acosta - ALLAT...
Atlanta, GA
4,434,177
Ask a lender
-
Nina Hollander, Broker
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,552,897
I defer all mortgage questions to the best lender I know: Jason E. Gordon
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
4,581,818
As others have answered, this is a good question for a lender but I'm still laughing at the response by Funny Guy Ryan Huggins - Thousand Oaks, CA
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Nina Hollander, Broker
Charlotte, NC
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
3,416,038
I mortgage clause on a purchase contract clearly states the sale is sontingent upon them getting a mortgage, however on a mortgage note, it protects the bank more than the buyer
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Nina Hollander, Broker
Charlotte, NC
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Bob Crane
Stevens Point, WI
5,583,328
a question for a lender....
I don't imagine a mortgage clause protects a borrower..only the lender...
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Nina Hollander, Broker
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
4,800,132
Typically they protect the banks.
-
Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
2,221,377
Ask a lender.
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
902,038
They generally protect banks that write the mortgage clauses.
-
Nina Hollander, Broker
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
1,231,853
Kyle Beers There are several ActiveRain lenders who can answer this question for you. Check the ActiveRain LeaderBoard.
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Roy Kelley
Gaithersburg, MD
-
Debe Maxwell, CRS
Charlotte, NC
3,349,229
They don't.
I wish you all the best with your studies.
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Nina Hollander, Broker
Charlotte, NC
5,772,575
1,466,257
Kyle Beers Like any contract, they are there to protect the parties involved.
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Kyle Beers
Spanish Fork, UT
2,191,449
3,071,489
7,565
From what I've learned as a student, it protects the lender more than the borrower.
1,598,452
4,319,773
5,877,179
1,728,056
599,734
I would defer this question to a qualified lender to avoid getting myself in trouble.
3,986,308
3,988,013
The mortgage clause stands as a contingency if the buyer cannot get the loan then the buyer has an out.
5,111,821
921,504
Clauses protect the BANK.
IN Florida, the seller ends up paying for the screw-ups while the buyer/borrower benefits by embedded and overwhelming protections.
Florida needs to turn towards 30 post closing occupancy to protect the seller.
7,862,331