2,390,155
It depends on the claus kennith Frazier . BTW my favorite is Santa.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Raj Taj
Lake Bluff, IL
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Nina Hollander, Broker
Charlotte, NC
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Peter Testa
Danbury, CT
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Ron and Alexandra Seigel
Carpinteria, CA
1,543,613
Instead of 20 Questions per day...
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Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
5,229,439
It depends upon which clause you are referring to...most protect the mortgagee.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Richard Weeks
Dallas, TX
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Peter Testa
Danbury, CT
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Raj Taj
Lake Bluff, IL
5,104,931
I have no idea what clauses you are talking about. I suggest you pose this question to a lender.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Richard Weeks
Dallas, TX
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Peter Testa
Danbury, CT
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Bob "RealMan" Timm
Minot, ND
2,220,323
Great question for a licensed mortgage broker.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
1,311,367
Loan agreements are long and complicated. They are drawn up by the lender's lawyers. Nuf said.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
5,216,353
A clause in the mortgage or a mortgage contingency clause in a real estate contract?
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David M. Dwares
Fort Lauderdale, FL
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
5,048,748
It depends on what they are. Some protect the lender.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
1,502,898
I'm sure some do, while others protect the lender. Probably more of the later than the former.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
187,002
"I like turtles."
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Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
5,772,575
Kennith,
It depends on the clause...clauses differ. A
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
7,835,329
If they do not qualify, the proper wording may allow them to have the deposit returned.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
6,392,929
Which ones do you have in mind?
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
757,885
It keeps them from losing their deposit & allows them to back out of the deal unscathed if say the inspection was a bomb.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,239,801
Wrong test question- Your teacher needs to redo their questions. Mortgage or loan agents is required to be licensed local and State for ~10 years. This is for a different license. We are realtors.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,844,271
yikes, they don't. At the closing the bank is already getting ready to foreclose on the new buyers.
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Raj Taj
Lake Bluff, IL
2,071,025
1,598,452
5,868,472
1,090,637
You need to direct your mortgage Qs to a mortgage lender. If you don't have a relationship with a local lender, now is a great time to find one and develop a good working relationship. It is essential to work with good lenders when you get your license.
3,344,906
5,583,278
4,882,355
I think the 2 that protect the borrower the most are:
Due on sale clause. You sell the house the entire balance is due.
Acceleration clause. You miss a payment the entire balance is due.
2,182,502
3,416,038
As said, the short story is if they can not get a mortgage, they get their deposit back as long as they stay within the time frame in the contract